Minn. Stat. § 59C.04
This is the official text of Minn. Stat. § 59C.04, part of Minnesota’s Stat — part of the compiled statutory law of Minnesota, published by the state as "Stat." Browse the sections below, each linked to its official government source.
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§ 59C.04 REGISTRATION AND FILING REQUIREMENTS OF WARRANTORS.
Official statutory text
§ Subdivision 1. General requirement. A person may not operate as a warrantor or represent to the public that the person is a warrantor unless the person is registered with the department on a form prescribed by the commissioner.
§ Subd. 2. Registration records. A registrant shall file a warrantor registration record annually and shall update it within 30 days of any change. A registration record must contain the following information: (1) the warrantor's name, any fictitious names under which the warrantor does business in the state, principal office address, and telephone number; (2) the name and address of the warrantor's agent for service of process in the state if other than the warrantor; (3) the names 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 the warranty reimbursement insurance policy or policies or other financial information required by section 59C.05 ; (6) a copy of each warranty the warrantor proposes to use in this state; and (7) a statement indicating under which provision of section 59C.05 the warrantor qualifies to do business in this state as a warrantor.
§ Subd. 3. Registration fee. The commissioner may charge each registrant a reasonable fee to offset the cost of processing the registration and maintaining the records in an amount of $250 annually. The information in subdivision 2, clauses (1) and (2), must be made available to the public.
§ Subd. 4. Renewal. The registrant will have 30 days to complete the renewal of the registration before the commissioner suspends the registration.
§ Subd. 5. Exception. An administrator or person who sells or solicits a sale of a vehicle protection product but who is not a warrantor shall not be required to register as a warrantor or be licensed under the insurance laws of this state to sell vehicle protection products.
§ Subd. 2. Registration records. A registrant shall file a warrantor registration record annually and shall update it within 30 days of any change. A registration record must contain the following information: (1) the warrantor's name, any fictitious names under which the warrantor does business in the state, principal office address, and telephone number; (2) the name and address of the warrantor's agent for service of process in the state if other than the warrantor; (3) the names 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 the warranty reimbursement insurance policy or policies or other financial information required by section 59C.05 ; (6) a copy of each warranty the warrantor proposes to use in this state; and (7) a statement indicating under which provision of section 59C.05 the warrantor qualifies to do business in this state as a warrantor.
§ Subd. 3. Registration fee. The commissioner may charge each registrant a reasonable fee to offset the cost of processing the registration and maintaining the records in an amount of $250 annually. The information in subdivision 2, clauses (1) and (2), must be made available to the public.
§ Subd. 4. Renewal. The registrant will have 30 days to complete the renewal of the registration before the commissioner suspends the registration.
§ Subd. 5. Exception. An administrator or person who sells or solicits a sale of a vehicle protection product but who is not a warrantor shall not be required to register as a warrantor or be licensed under the insurance laws of this state to sell vehicle protection products.
Status: in_force · Read it on the official government site
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