The commission of any deceptive act or practice in the advertisement or sales of collision damage waivers is prohibited. The following are deceptive acts or practices when conducted by a lessor or its officials or representatives:

1. (a) The making of any false or misleading statements either orally or in writing, in connection with the sale, offer to sell, or advertisement of a collision damage waiver;
2. (b) the omission of any material statement in connection with the sale, offer to sell, or advertisement of a collision damage waiver, which under the circumstances should have been made in order to make the statements that were made not misleading;
3. (c) the making of any statement that the purchase of a collision damage waiver is mandatory;
4. (d) at the time of the sale, the failure to provide proper disclosure that the purchase of a collision damage waiver may be duplicative of the lessee's automobile insurance contract; and
5. (e) any deceptive act or practice as defined in K.S.A. 50-626 and amendments thereto.

L. 1988, ch. 193, § 7; January 1, 1989.