§ 56-54-110. Adoption of Rules
The commissioner shall adopt any rules needed for implementing this chapter in accordance with the Uniform Administrative Procedures Act, compiled in title 4, chapter 5.
§ 56-54-111. Annual Report
The commissioner shall submit an annual report to the speaker of the senate and the speaker of the house of representatives summarizing the information submitted pursuant to this chapter. The annual report shall be submitted on or before November 1 of each year. Any report shall contain aggregate data only and shall not identify any […]
§ 56-55-101. Short Title
This chapter shall be known and may be cited as the “Tennessee Vehicle Protection Product Act.”
§ 56-55-102. Chapter Definitions
As used in this chapter, unless the context otherwise requires: “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; “Commissioner” means the commissioner of commerce and insurance; “Incidental costs” means expenses specified in the warranty, incurred by the […]
§ 56-55-103. Prohibited Sales — Restrictions
No vehicle protection product may be sold or offered for sale in this state unless the seller, warrantor, and administrator, if any, comply with 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 not provided as […]
§ 56-55-104. Registration as a Warrantor — Registration Records — Fees — Revocation for Failure to Register
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. Warrantor registration records shall be filed annually and shall be updated by the warrantor within thirty (30) days of any change. […]
§ 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 […]