§ 63-29-1. Short title
This chapter shall be known and may be cited as the “Mississippi Vehicle Protection Product Act.”
§ 63-29-3. Definitions
As used in this section: “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. “Motor Vehicle Commission” means the Mississippi Motor Vehicle Commission. “Incidental costs” means expenses specified in the warranty incurred by the warranty holder related to […]
§ 63-29-5. Scope; exemptions
No vehicle protection product may be sold or offered for sale in this state unless the seller, warrantor and administrator, if any, comply with the provisions of this chapter. A vehicle protection product warranty provided or sold in compliance with this chapter is not a contract of insurance. Warranties, indemnity agreements and guarantees that are […]
§ 63-29-7. Registration and filing requirements of warrantors; fees; renewal of registration
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 Motor Vehicle Commission on a form prescribed by the Motor Vehicle Commission. Warrantor registration records shall be filed annually and shall be updated by the warrantor within thirty (30) […]
§ 63-29-9. Warrantor required to prove financial solvency or be insured under warranty insurance policy meeting certain conditions
No vehicle protection product shall be sold or offered for sale in this state unless the vehicle protection product warrantor can prove financial solvency as provided under subsection (2) of this section or is insured under a warranty insurance policy meeting the following conditions in order to ensure adequate performance under the warranty: The warranty […]
§ 63-29-11. Warranty reimbursement insurance policy requirements
No warranty reimbursement insurance policy shall be issued, sold or offered for sale in this state unless the policy meets the following conditions: The policy states that the issuer of the policy will reimburse or pay on behalf of the vehicle protection product warrantor all covered sums which the warrantor is legally obligated to pay, […]
§ 63-29-13. Disclosure to warranty holder; contents
Every vehicle protection product warranty shall be written in clear, understandable language and shall be printed or typed in an easy-to-read point size and font and shall not be sold or offered for sale in the state unless the warranty: Contains a disclosure that reads substantially as follows: “This agreement is a product warranty and […]
§ 63-29-15. Disclosure of terms and conditions governing cancellation of sale and warranty; cancellation of warranty only under certain conditions
No vehicle protection product may be sold or offered for sale in this state unless the vehicle protection product warranty clearly states the terms and conditions governing the cancellation of the sale and warranty, if any. The warrantor may only cancel the warranty if the warranty holder does any of the following: Fails to pay […]
§ 63-29-17. Prohibited acts of warrantors
Unless licensed as an insurance company, a vehicle protection product warrantor shall not use in its name, contracts or literature the words “insurance,” “casualty,” “surety,” “mutual” or any other word that is descriptive of the insurance, casualty or surety business, or that is deceptively similar to the name or description of any insurance or surety […]
§ 63-25-9. Forfeiture of property
The following items shall be subject to forfeiture unless obtained by theft, fraud or conspiracy to defraud and the rightful owner of the items is known or can be identified and located: (a) any tool, (b) any implement, or (c) any instrumentality, including but not limited to any motor vehicle or motor vehicle part, whether […]