§ 14-4a-01

(a) In this subtitle the following words have the meanings indicated. (b) 'Administrator' means a person that is designated by a warrantor to be responsible for the administration of a vehicle protection product warranty. (c) 'Division' means the Division of Consumer Protection of the Office of the Attorney General. (d) (1) 'Incidental costs' means an expense that: (i) Is specified in a vehicle protection product warranty; (ii) Is incurred by the warranty holder; and (iii) Relates to the failure of a vehicle protection product to perform as provided in the vehicle protection product warranty. (2) 'Incidental costs' include: (i) Insurance policy deductibles; (ii) Charges for rental vehicles; (iii) The difference between the value of a stolen vehicle at the time of theft and the cost of a replacement vehicle; (iv) Sales taxes; (v) Registration fees; (vi) Transaction fees; and (vii) Mechanical inspection fees. (e) (1) 'Vehicle protection product' means a vehicle protection device, system, or service that: (i) Is sold with a written warranty; (ii) Is installed on or applied to a vehicle; and (iii) Is designed to prevent loss or damage to a vehicle from a specific cause.

device, system, or service that: (i) Is sold with a written warranty; (ii) Is installed on or applied to a vehicle; and (iii) Is designed to prevent loss or damage to a vehicle from a specific cause. (2) 'Vehicle protection product' includes: (i) An alarm system; (ii) A body part marking product; (iii) A steering lock; (iv) A window etch product; (v) A pedal or ignition lock; (vi) A fuel or ignition kill switch; and (vii) An electronic, radio, or satellite tracking device. (f) 'Vehicle protection product warranty' means a written agreement by a warrantor that provides that if a vehicle protection product fails to prevent loss or damage to a vehicle from a specific cause, the warrantor shall pay to, or on behalf of, the warranty holder specified incidental costs incurred as a result of the failure of the vehicle protection product to perform in accordance with the terms of the vehicle protection product warranty. (g) (1) 'Warrantor' means a person that is contractually obligated to the warranty holder under the terms of the vehicle protection product warranty. (2) 'Warrantor' does not include an authorized insurer that issues a warranty reimbursement insurance policy.

igated to the warranty holder under the terms of the vehicle protection product warranty. (2) 'Warrantor' does not include an authorized insurer that issues a warranty reimbursement insurance policy. (h) 'Warranty holder' means a person that purchases a vehicle protection product warranty or a permitted transferee. (i) 'Warranty reimbursement insurance policy' means a policy of insurance that is issued to a warrantor to: (1) Provide reimbursement to the warrantor; or (2) Pay on behalf of the warrantor all covered contractual obligations incurred by the warrantor under the terms and conditions of the insured vehicle protection product warranties sold by the warrantor.