Code of Massachusetts Regulations
950 CMR - OFFICE OF THE SECRETARY OF THE COMMONWEALTH
Title 950 CMR 119.00 - Vehicle Protection Product Warranty Registration
Section 119.08 - Warrantor Registration
Universal Citation: 950 MA Code of Regs 950.119
Current through Register 1537, December 20, 2024
(1) The Vehicle protection product warrantor registration requires the submission of the Vehicle Protection Warrantor Registration Application Checklist (checklist) and the Vehicle Product Warrantor Registration Application (Registration).
(2) The Registration and checklist are forms supplied by the Division or documents formatted in the same manner as the Division forms.
(3) The Registration must contain:
(a) the exact name of the
warrantor;
(b) the name under which
the warrantor will do business if the entity will do business in the
Commonwealth under an assumed or fictitious name;
(c) the principal office address of the
warrantor, which must include street, number, city, state, country and zip
code;
(d) the telephone number
including area code of the warrantor;
(e) the name, address and telephone number of
the warranty administrator, if any, designated by warrantor;
(f) a statement indicating that the warrantor
is covering the warrantor's warranty liability with a warranty reimbursement
insurance policy or maintains the minimum net worth of not less than
$30,000,000.
(g) the name, address
and telephone number of the insurer if the warrantor is covering the
warrantor's liability with a warranty reimbursement insurance policy. A copy of
the policy must be attached; or
(h)
a sworn statement of a duly authorized officer of the company or its
independent auditor that the company meets the minimum net worth requirements
if the warrantor elects to meet the financial responsibility requirements. If
the warrantor's parent company's net worth is used to meet the financial
stability requirements, the sworn statement will be by a duly authorized
officer of the parent company and will guarantee the obligations of the
warrantor relating to the warranties. The statement must be accompanied by:
1. a copy of the warrantor's or the
warrantor's parent company's most recent 10-K or form 20-F filed with the
Securities and Exchange Commission within the last calendar year or a reference
for locating the records at the Securities and Exchange Commission;
or
2. a copy of the warrantor's or
the warrantor's parent company's audited financial statements that show the
minimum net worth if the warrantor does not file with the Securities and
Exchange Commission;
(i)
the type of vehicle protection products sold; and
(j) a statement that the warrantor will abide
by F.L. c.174C and that the information contained in the Registration is
correct. The Registration will be signed by the warrantor and be accompanied by
the payment of a fee of $250.00.
Disclaimer: These regulations may not be the most recent version. Massachusetts may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.