Signing this form, and tendering any coverage charge payment, does not bind the insurance company to complete the insurance. Prime Insurance Company is a preferred provider of specialty liability insurance coverage for towing and repossession companies.A secured party that has the certificate of title but elects not to title the vehicle in their name must complete and submit a dealer purchase receipt (PS2009). Retail Installment Sales Financing Act (RISFA): "General Statutes § 36a-. If you get behind on your car payments or don't have auto insurance, the loan company can take your car. This is called vehicle repossession. Even if you successfully complete a voluntary repossession, the payments you missed on the auto loan will still appear on your credit report. The vehicle is a repossessed vehicle. Service Coordination staff will complete the Insurance Verification Form and Waiver paperwork as appropriate. Fulton which put a new wrinkle in the Chicago Repossession Caselaw.