The following words and terms, when used in the rule, have the following meanings, unless the context clearly indicates otherwise.
1. Applicant A person who submits to the Commission an application to be a warrantor of vehicle protection products.
2. Financial statements A balance sheet, income statement, statement of cash flows, and a statement of equity reflecting the financial condition of the subject, prepared by an independent certified public accountant in accordance with generally accepted accounting principles.
3. Net Worth The excess of total assets over total liabilities as reflected in audited financial statements.
4. Nonpublic personal information Information regarding an individual that is derived from the offering of vehicle protection products and vehicle protection product warranties, the sale of such products and warranties, and claims made under such warranties.
A. The term includes:
i. customer financial and credit information,
ii. information concerning the price paid for a vehicle protection product or vehicle protection product warranty,
iii. the type of vehicle protection product purchased,
iv. the terms and conditions of any warranty,
v. the expiration date of any warranty,
vi. the facts and circumstances involved in any claim made on a warranty,
vii. the claim history of an individual,
viii. social security numbers, and,
ix. information prohibited from disclosure by state and federal statue.
B. The term does not include customer name, addresses, and telephone numbers.
5. Registrant A person approved by the Commission to be a warrantor of vehicle protection products.
30 Miss. Code. R. 1301-7.2