Oklahoma § 36-6653 - Warrantor registration

§ 36-6653. Warrantor registration

A. 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 Insurance Department on a form prescribed by the

Insurance Commissioner.

Oklahoma Statutes - Title 36. Insurance

B. Warrantor registration records shall be filed annually and

shall be updated within thirty (30) days of any change. The

registration records shall 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 6 of

this act;

6. A copy of each warranty the warrantor proposes to use in

this state; and

7. A statement indicating under which provision of Section 6 of

this act the warrantor qualified to do business in this state as a

warrantor.

C. The Commissioner may charge each registrant a reasonable fee

to offer the cost of processing the registration and maintaining the

records in an amount to be set by rule. The information in

paragraphs 1 and 2 of subsection B of this section shall be made

available to the public.

D. If a registrant fails to register by the renewal deadline,

the Commissioner shall give the registrant written notice of the

failure and the registrant will have thirty (30) days to complete

the renewal of registration before the registrant is suspended from

being registered in this state.

E. 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.

Added by Laws 2008, c. 353, § 5, eff. Jan. 1, 2009.