Need help navigating the service contract, extended warranty or GAP waiver regulatory process?

If you are a provider, administrator, seller or insurer of service contracts or GAP waivers; or want to be, let us be your guide to all the state service contract/extended warranty and GAP waiver laws around the country.  We can help guide you through the licensing and registration hoops;  and also help you establish and maintain a compliant service contract, extended warranty or GAP program.

The Service Contracts Compass is designed to assist companies like yours by providing valuable information about changes in laws and regulations which may impact your service contract or GAP waiver programn and by offering compliance consulting services that can help you keep pace with the insurance laws. service contract laws and GAP waiver laws that govern your industry.

Depending on how your service contract program is structured, or if you are just starting out, some or all of the questions below may be worth exploring…and we can help!

– Do you wonder about recent law changes and need help implementing them accurately and timely?

– Do you need help developing a strategy to expand your program into other states?

– Are you considering the acquisition of an existing provider or program and need a due diligence audit?

– Do you and your program partners have the right license(s) for the kinds of service contracts that you offer or sell?

– Do you qualify for any exemptions that you may be unaware of?

– Are you calculating and returning refunds accurately in every jurisdiction?

– Could you benefit from a limited scope operational audit conducted by someone that is “on your team” to help identify potential regulatory problems before a regulator does?

– Do you have a knowledgeable resource who can offer issue-by-issue and state-by-state support for regulatory matters that may arise regarding your service contract program?

Be proactive rather than reactive!  Whether it’s regulatory filing support, contract analysis, or help communicating with a regulator, we have the experience and expertise in the world of service contract laws to offer strategies and solutions for every aspect of your program.

Please explore other areas of this site and be sure to read more about our firm’s practice group and its services. Check out our Service Contract and Extended Warranty Law Services and learn more about our Insurance Regulatory Practice Group.

Features

  • 04/05/13
    Pennington Lawyers Named in “Best Lawyers…”

    Five attorneys from the Pennington Law Firm in Tallahassee, Florida were recently selected by their peers for inclusion in The Best Lawyers in America® 2013 (Copyright 2012 by Woodward/White, Inc., of Aiken, SC).   Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence. Because Best Lawyers is based on an exhaustive peer-review survey in which more than 36,000 leading attorneys cast almost 4.4 million votes on the legal abilities of other lawyers in their practice areas, and because lawyers are not required or allowed to pay a fee to read more

    04/05/11
    State Sales Tax

    Almost every state, plus the District of Columbia, has a state sales tax.  But do you know how many state sales tax laws apply to the purchase of a service contract?   The answer is approximately 35.   In at least one state, sales tax is applicable to the sale of motor vehicle and consumer goods service contracts, but not to home service contracts.   In another state, the sales tax is due only if the obligor of the service contract  is an entity other than a licensed insurance company.  Failure to collect sales tax when it is applicable can lead to lost revenues read more

  • 07/01/10
    A Leading Insurance Regulatory Practice Group In The Country

    In June, 2010, the Insurance Regulatory Practice Group of the Pennington, Moore, Wilkinson, Bell & Dunbar law firm was recognized by Chambers USA, which ranks U.S. attorneys and practice areas,  as one of the Top Insurance Regulatory Practice Groups in the country.   Chambers USA ranks the leading firms and lawyers in a variety of practice areas throughout America. The guide is developed through in-depth, client-focused research, and is read by industry-leading companies and organizations across the U.S. and worldwide.  Check out the OUR SERVICES  tab to see what we have to offer your Service Contract Program. read more

    05/21/10
    Mid-Year Legislative Update

    We have been monitoring several bills throughout the first half of the year with a number of measures enacting substantive legislation affecting some aspect of the service contract industry.   By June 1, thirty states will have concluded their regular legislative sessions for the year.  Another sixteen will still be in session.  The remaining states did not convene this year as they meet only every other year.    We have seen a lot of activity in the Paintless Dent Removal and Tire & Wheel areas.  We’ve also seen at least two states establish new standards for CLP insurers and at least one state eliminate the reserving option as read more

The information on this website is provided solely for informational purposes and presents only highly condensed summaries or general information relating to the topics presented. Therefore, it should not be relied upon as a complete record for purposes of regulatory compliance, nor is it intended to furnish legal advice adequate to any particular circumstances.  (c) Copyright Shirley F. Kerns 2016