By Steven Barge-Siever, Esq. New Jersey does not usually lead with the term “CLIP” when discussing service contract financial backing. Instead, one of the most important phrases is: Reimbursement Insurance Policy. That phrase matters because it connects service contract obligations, warranty-style customer promises, financial responsibility, and the broader CLIP conversation. In plain English, New Jersey is focused on a practical question: If a company sells a service contrac