59C.08 PROHIBITED ACTS.
(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.
History: 2007 c 57 art 3 s 28