§481R-4  Registration requirements;
exemptions.  (a)  Before conducting business in this State or issuing any
warranty, a warrantor shall register with the commissioner on a form prescribed
by the commissioner, and shall pay to the commissioner a fee as provided under
section 431:7-101.  A person who sells or solicits a vehicle protection
product, but who is not a warrantor, shall not be required to register with the
commissioner as a warrantor.



(b)  Warrantor registration records shall be
updated annually and shall contain the following information:



(1)  The address of the principal office of the
warrantor;



(2)  The name and address of the warrantor's agent for
the service of process in this State if other than the warrantor;



(3)  The identities of the warrantor's executive
officer or officers directly responsible for the warrantor's vehicle protection
product business;



(4)  The name, address, and telephone number of any
administrators designated by the warrantor to be responsible for the
administration of vehicle protection product warranties in this State;



(5)  A copy of each warranty form the warrantor
proposes to use in this State; and



(6)  A statement that the warrantor is in compliance
with the financial security requirements of section 481R-5 and that details how
the warrantor intends to meet the requirements, and proof of compliance with
the requirements.



(c)  The marketing, selling, offering for sale,
issuing, making, proposing to make, and administering of vehicle protection
products shall be exempt from:



(1)  Chapter 481X; and



(2)  The insurance laws of this State.



(d)  The following contracts and agreements
shall be exempt from this chapter and shall only be subject to other statutes
and laws that specifically apply to them:



(1)  Warranties or guarantees, other than those
provided as part of a vehicle protection product; and



(2)  Service contracts regulated by chapter 481X.



(e)  A seller shall not be deemed to be a
warrantor unless, in addition to acting as a seller, the person is named under
the terms of a vehicle protection product warranty as the contractual obligor
to the consumer. [L 2002, c 237, pt of §1; am L 2008, c 19, §41]