1635

No premium finance company shall, in a premium finance agreement, provide for the cost of:\n(1) A membership in an automobile club. The term 'automobile club' means a legal entity which, in consideration of dues, assessments, or periodic payments of money, promises its members or subscribers to assist them in matters relating to the ownership, operation, use, or maintenance of a motor vehicle; however, this definition of 'automobile club' does not include persons, associations, or corporations which are organized and operated solely for the purpose of conducting, sponsoring, or sanctioning motor vehicle races, exhibitions, or contests upon racetracks, or upon racecourses established and marked as such for the duration of such particular events.\n(2) An accidental death and dismemberment policy sold in combination with a personal injury protection only policy.\nThe Commissioner shall promulgate rules to assure disclosure, at the time of sale, of coverages financed with personal injury protection.