56-55-103 - Prohibited sales Restrictions.
56-55-103. Prohibited sales Restrictions.
(a) 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.
(b) A vehicle protection product warranty provided or sold in compliance with this chapter is not a contract of insurance.
(c) Warranties, indemnity agreements, and guarantees that are not provided as a part of a vehicle protection product are not subject to this chapter.
[Acts 2005, ch. 244, § 4.]