Junk/salvage yards are those individuals or entities engaged in the business of acquiring or owning junk or salvage automobiles for resale in their entirety or as spare parts or for rebuilding, restoration, or crushing. This includes scrap-vehicle shredders and scrap-metal processors, as well as pull- or pick-apart yards, salvage pools, salvage auctions, and other types of auctions, businesses, and individuals that handle salvage vehicles (including those vehicles declared a total loss.)
An insurance carrier is an individual or entity engaged in the business of underwriting automobile insurance. This includes any entity that enters into a formal arrangement, typically of a commercial nature, where a fee(s), contribution(s), or other consideration is received as part of pooling the risk of loss of an automobile(s) or as part of accepting the risk of loss of an automobile(s) on behalf of another individual or entity.
For example:
- A rental car company is required to report if it offers, for a fee, contribution, or other consideration, to relieve its customers from liability for loss or damage to, or caused by, automobiles that customers rent from that company
- A government that self-insures its fleet is not required to report.
The definition of an automobile for the purposes of NMVTIS, incorporating the definition in 49 U.S.C. § 32901(a), generally covers four-wheel vehicles that are rated at less than 10,000 pounds gross vehicle weight, but excludes vehicles that operate solely on rails, certain vehicles manufactured in different states by two or more manufacturers, and certain work trucks.