(a) Unless licensed as an insurance company, a vehicle protection product warrantor shall not use in its name, contracts, or literature, any of the words "insurance," "casualty," "surety," "mutual," or any other words descriptive of the insurance, casualty, or surety business or deceptively similar to the name or description of any insurance or surety corporation, or any other vehicle protection product warrantor. A warrantor may use the term "guaranty" or similar word in the warrantor's name.
(b) A vehicle protection product seller or warrantor may not require as a condition of financing that a retail purchaser of a motor vehicle purchase a vehicle protection product.
2007 c 57 art 3 s 28
Structure Minnesota Statutes
Chapters 59A - 79A — Insurance
Chapter 59C — Vehicle Protection Products
Section 59C.03 — Scope And Exemptions.
Section 59C.04 — Registration And Filing Requirements Of Warrantors.
Section 59C.05 — Financial Responsibility.
Section 59C.06 — Warranty Reimbursement Policy Requirements.
Section 59C.07 — Disclosure To Warranty Holder.
Section 59C.08 — Prohibited Acts.
Section 59C.09 — Record Keeping.