It is an unlawful practice for any person to sell, market, promote, advertise, or otherwise distribute any card or other purchasing mechanism or device that purports to offer discounts or access to discounts from health care providers in health related purchases if:
(1) the card or other purchasing mechanism or device does not expressly provide in bold and prominent type that the discounts are not insurance;(2) the discounts are not specifically authorized by a contract with each health care provider listed in conjunction with the card or other purchasing mechanism or device; or(3) the discounts or access to discounts offered or the range of discounts or access to the range of discounts offered are misleading, deceptive or fraudulent, regardless of the literal wording used. P.A. 92-296, eff. 1/1/2002.