(1) Must be at least eight-point type for the printed portion;
(2) Must be dated and signed by the insured;
(3) Shall contain the name and place of business of the insurance agent or insurance broker negotiating the related insurance contract, the name and residence or the place of business of the insured as specified, the name and place of business of the premium service company to which payments are to be made, a description of the insurance contracts involved, and the amount of the premium; and
(4) Shall set forth the following, where applicable:
(A) The total amount of the premiums;
(B) The amount of the down payment;
(C) The principal balance [the difference between subitems (A) and (B)];
(D) The amount of the service charge;
(E) The balance payable by the insured [sum of subitems (C) and (D)]; and
(F) The number of installments required, the amount of each installment expressed in dollars, and the due date or period thereof.
(b) The subitems set out in item (4) of subsection (a) need not be stated in the sequence or order in which they appear, and additional subitems may be included to explain the computations made in determining the amount to be paid by the insured.
(c) The minimum down payment for a premium service insurance contract may not be less than ten percent.