Page:United States Statutes at Large Volume 108 Part 2.djvu/371

 PUBLIC LAW 103-272—JULY 5, 1994 108 STAT. 1087 (b) NONAPPLICATION. —(1) Subsection (a) of this section does not apply to a person that— (A) is the manufacturer of the major part; (B) has purchased the major part directly from the manufacturer; or (C) has received a verification from an insurance carrier under section 33110 of this title that the motor vehicle from which the major part is derived las not been reported as stolen, or that the carrier has not established whether that vehicle has been stolen. (2) A person described under paragraph (1)(C) of this subsection that subsequently transfers or sells in commerce the motor vehicle or a major part of the vehicle shall provide the verification received from the carrier to the person to whom the vehicle or part is transferred or sold. (c) REGULATIONS. —The Attorney General shall prescribe regulations to carry out this section. The regulations shall include regulations prescribed in consultation with the Secretary that are necessary to ensure that a verification a person provides under subsection (a)(2) of this section is uniform, effective, and resistant to fraudulent use. § 33112. Insurance reports and information (a) PURPOSES.— The purposes of this section are— (1) to prevent or discourage the theft of motor vehicles, particularly those stolen for the removal of certain parts; (2) to prevent or discourage the sale and distribution in interstate commerce of used parts that are removed from those vehicles; and (3) to help reduce the cost to consumers of comprehensive insurance coverage for motor vehicles. (b) DEFINITIONS. —In this section— (1) "insurer" includes a person (except a governmental authority) having a fleet of at least 20 motor vehicles that are used primarily for rental or lease and are not covered by a theft insurance policy issued by an insurer of passenger motor vehicles. (2) "motor vehicle" includes a truck, a multipurpose passenger vehicle, and a motorcycle. (c) ANNUAL INFORMATION REQUIREMENT. —(1) An insurer providing comprehensive coverage for motor vehicles shall provide annually to the Secretary of Transportation information on— (A) the thefts and recoveries (in any part) of motor vehicles; (B) the number of vehicles that have been recovered intact; (C) the rating rules and plans, such as loss information and rating characteristics, used by the insurer to establish premiums for comprehensive coverage, including the basis for the premiums, and premium penalties for motor vehicles considered by the insurer as more likely to be stolen; (D) the actions taken by the insurer to reduce the premiums, including changing rate levels for comprehensive coverage because of a reduction in thefts of motor vehicles; (E) the actions taken by the insurer to assist in deterring or reducing thefts of motor vehicles; and (F) other information the Secretary requires to carry out this chapter and to make the report and findings required by this chapter.

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