No, probably not. The OCPD needs to primarily protect the conductors, so no problem having a 15A CB on #12. The MOVs themselves are likely using what's referred to as "impedance protected" motors, meaning that if something goes wrong, they can run stalled virtually forever and not catch on fire, or at least until that 15A breaker clears. If not, they will either have their own internal thermal switch (aka "Klixon") or they would need to have a very specific label or instructions telling you that you need supplementary circuit protection and exactly what it needs to be. Every MOV that small that I've ever installed has been impedance protected though.