Okla. Stat. tit. 36, § 36-6651
This is the official text of Okla. Stat. tit. 36, § 36-6651, part of Oklahoma’s Stat. tit. 36, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 36,." Browse the sections below, each linked to its official government source.
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Definitions
Official statutory text
As used in the Vehicle Protection Product Act:
1. "Administrator" means a third party other than the warrantor
who is designated by the warrantor to be responsible for the
administration of vehicle protection product warranties;
2. "Commissioner" means the Insurance Commissioner;
3. "Department" means the Insurance Department;
4. "Incidental costs" means expenses specified in the warranty
incurred by the warranty holder related to the failure of the
vehicle protection product to perform as provided in the warranty.
Incidental costs may include insurance policy deductibles, rental
vehicle charges, the difference between the actual value of the
stolen vehicle at the time of theft and the cost of a replacement
vehicle, vehicle excise taxes, vehicle registration fees,
certificate of title fees, transaction fees and mechanical
inspection fees;
5. "Service contract" means a contract or agreement as defined
under the Service Warranty Act in Title 15 of the Oklahoma Statutes;
6. "Vehicle protection product" means a vehicle protection
device, system, or service that:
a. is installed on or applied to a vehicle,
b. is designed to prevent loss or damage to a vehicle
from a specific cause, and
c. includes a written warranty.
For purposes of this section, the term vehicle protection
product shall include alarm systems, body part marking products,
steering locks, window etch products, pedal and ignition locks, fuel
and ignition kill switches, and electronic, radio and satellite
tracking devices;
7. "Vehicle protection product warranty" or "warranty" means a
written agreement by a warrantor that provides if the vehicle
protection product fails to prevent loss or damage to a vehicle from
a specific cause, that the warrantor will pay to or on behalf of the
warranty holder specified incidental costs as a result of the
failure of the vehicle protection product to perform pursuant to the
terms of the warranty;
8. "Vehicle protection product warrantor" or "warrantor" means
a person who is contractually obligated to the warranty holder under
Oklahoma Statutes - Title 36. Insurance Page 1330
the terms of the vehicle protection product warranty agreement.
Warrantor does not include an authorized insurer providing a
warranty reimbursement insurance policy;
9. "Warranty holder" means a person who purchases a vehicle
protection product or who is a permitted transferee; and
10. "Warranty reimbursement insurance policy" means a policy of
insurance that is issued to the vehicle protection product warrantor
to provide reimbursement to the warrantor or to pay on behalf of the
warrantor all covered contractual obligations incurred by the
warrantor under the terms and conditions of the insured vehicle
protection product warranties issued by the warrantor.
1. "Administrator" means a third party other than the warrantor
who is designated by the warrantor to be responsible for the
administration of vehicle protection product warranties;
2. "Commissioner" means the Insurance Commissioner;
3. "Department" means the Insurance Department;
4. "Incidental costs" means expenses specified in the warranty
incurred by the warranty holder related to the failure of the
vehicle protection product to perform as provided in the warranty.
Incidental costs may include insurance policy deductibles, rental
vehicle charges, the difference between the actual value of the
stolen vehicle at the time of theft and the cost of a replacement
vehicle, vehicle excise taxes, vehicle registration fees,
certificate of title fees, transaction fees and mechanical
inspection fees;
5. "Service contract" means a contract or agreement as defined
under the Service Warranty Act in Title 15 of the Oklahoma Statutes;
6. "Vehicle protection product" means a vehicle protection
device, system, or service that:
a. is installed on or applied to a vehicle,
b. is designed to prevent loss or damage to a vehicle
from a specific cause, and
c. includes a written warranty.
For purposes of this section, the term vehicle protection
product shall include alarm systems, body part marking products,
steering locks, window etch products, pedal and ignition locks, fuel
and ignition kill switches, and electronic, radio and satellite
tracking devices;
7. "Vehicle protection product warranty" or "warranty" means a
written agreement by a warrantor that provides if the vehicle
protection product fails to prevent loss or damage to a vehicle from
a specific cause, that the warrantor will pay to or on behalf of the
warranty holder specified incidental costs as a result of the
failure of the vehicle protection product to perform pursuant to the
terms of the warranty;
8. "Vehicle protection product warrantor" or "warrantor" means
a person who is contractually obligated to the warranty holder under
Oklahoma Statutes - Title 36. Insurance Page 1330
the terms of the vehicle protection product warranty agreement.
Warrantor does not include an authorized insurer providing a
warranty reimbursement insurance policy;
9. "Warranty holder" means a person who purchases a vehicle
protection product or who is a permitted transferee; and
10. "Warranty reimbursement insurance policy" means a policy of
insurance that is issued to the vehicle protection product warrantor
to provide reimbursement to the warrantor or to pay on behalf of the
warrantor all covered contractual obligations incurred by the
warrantor under the terms and conditions of the insured vehicle
protection product warranties issued by the warrantor.
Status: in_force · Read it on the official government site
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