§ 56-55-105. Conditions of Required Warranty Insurance Policy by Warrantor
No vehicle protection product shall be sold or offered for sale in this state unless the vehicle protection product warrantor is insured under a warranty insurance policy meeting the following conditions in order to ensure adequate performance under the warranty: The warranty reimbursement insurance policy is issued by an insurer authorized to do business in […]
§ 56-55-106. Conditions on Sale of Warranty Reimbursement Insurance Policies
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 that the warrantor is legally obligated to pay, […]
§ 56-55-107. Warranty Requirements — Documentation of Sale to Be Furnished Purchaser
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 […]
§ 56-55-108. Cancellation of Sale and Warranty
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 […]
§ 56-55-101. Short Title
This chapter shall be known and may be cited as the “Tennessee Vehicle Protection Product Act.”