(a) No person may operate as, or offer to be, a warrantor of vehicle protection products sold or offered in this state without holding a current registration issued by the department, unless the person is exempt under Texas Occupations Code, §2306.005. (b) Registration is valid for one year from the date issued and must be renewed annually. (c) The required fee must accompany an application. (d) Falsification of information on an application is cause for denial, suspension, or revocation of a registration and/or assessment of an administrative penalty. (e) A complete application for registration renewal must be submitted on an approved department form with all required fees and proof of financial security as required by §71.22. The application for registration renewal must be filed by the expiration date, or the registration will expire. (f) Non-receipt of a registration renewal notice from the department does not exempt a person from any requirement of this chapter.

Source Note: The provisions of this §71.20 adopted to be effective September 1, 2006, 31 TexReg 6718