(a) A service contract shall not be executed, issued or delivered in this state unless it contains the following:
(i) The exact corporate or other name of the club;
(ii) The exact location of its home office and any business office in the United States, phone number, email address or other contact information to which consumer inquiries may be made;
(iii) A provision that the contract may be canceled at any time by either the club or the holder, and that the holder will, if he has actually paid the consideration, thereupon be entitled to the unused portion of the consideration paid for the contract, calculated on a pro rata basis over the period of the contract, without any deductions;
(iv) A provision plainly specifying:
(A) The services promised;
(B) That the holder will not be required to pay any sum, in addition to the amount specified in the contract, for any services thus specified;
(C) The territory wherein services are to be rendered;
(D) The date when service will commence.
(v) A statement in not less than fourteen (14) point bold type at the head of the contract stating, "This is not an automobile liability or physical damage insurance contract." 31-14-117. Solicitation to purchase service contract. A person shall not solicit or aid in the solicitation of another person to purchase a service contract issued by a club not having a certificate of authority procured pursuant to this act.