Minnesota Statutes § 59C.04 - REGISTRATION AND FILING REQUIREMENTS OF WARRANTORS
AI-assisted research summary: A person may operate or hold out as a warrantor only if registered with the department; registrants must file annual registration records, update changes within 30 days, and renew in time to avoid suspension.
§ 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.