Massachusetts General Laws ch. 175 sec. 149Q – Prohibited language in provider name; false or misleading statements; purchase of service contract as condition of loan or sale of property prohibited
Section 149Q. (a) A provider shall not: (i) use in its name the words insurance, casualty, surety, mutual or any other words descriptive of the insurance, casualty or surety business; or (ii) a name deceptively similar to the name or description of any insurance or surety corporation or to the name of any other provider; provided, however, that the words ”guaranty”, ”warranty” or other similar words may be used.
Terms Used In Massachusetts General Laws ch. 175 sec. 149Q
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(b) A provider or its representative shall not permit or cause to be made any false or misleading statement or deliberately omit any material statement that a reasonable person would consider misleading if omitted.
(c) A person shall not require the purchase of a service contract as a condition of a loan or a condition for the sale of any property, but may promote, endorse or recommend the purchase unless otherwise prohibited by law.