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§ 2757. Financial Responsibility; Sellers of Another's Service Contracts.

16 CA ADC § 2757Barclays Official California Code of Regulations

Barclays California Code of Regulations
Title 16. Professional and Vocational Regulations
Division 27. Bureau of Electronic and Appliance Repair
Article 5.5. Service Contractors
16 CCR § 2757
§ 2757. Financial Responsibility; Sellers of Another's Service Contracts.
Currentness
(a) A service contract seller shall provide proof of financial responsibility as specified in Section 2756(f).
(b) A person who is not the obligor on a service contract, but sells such service contracts on behalf of another person who is the obligor on the service contract, shall be deemed to be a service contract seller. Such a seller shall be required to meet all the requirements for registration except that such seller shall be allowed to provide proof of financial responsibility for those service contracts by identifying by date, document title, and if applicable, account number of the evidence of financial responsibility submitted by the obligor on such service contracts.

Credits

Note: Authority cited: Section 9814, Business and Professions Code. Reference: Sections 9855 and 9855.2, Business and Professions Code.
History
1. New section filed 9-21-95; operative 10-21-95 (Register 95, No. 38).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 16, § 2757, 16 CA ADC § 2757
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