A person required to be registered under Section 31A-6b-201 shall submit to the commissioner at least 30 days before the day on which the person issues, markets, sells, offers to sell, or otherwise provides a guaranteed asset protection waiver in this state:
(1) a change to a term of a guaranteed asset protection waiver previously submitted to the commissioner under this chapter; or
(2) a guaranteed asset protection waiver that has not previously been submitted to the commissioner under this chapter.