20-1693. Definitions

In this article, unless the context otherwise requires:

1. " Customer" means a person who purchases portable electronics or services.

2. " Enrolled customer" means a customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics.

3. " Location" means any physical location in this state or any website, call center site or similar location directed to residents of this state.

4. " Portable electronics" means personal, self-contained, easily carried by an individual, battery-operated electronic communication, viewing, listening, recording, gaming, computing or global positioning devices, including cell or satellite phones, pagers, personal global positioning satellite units, portable computers, portable audio listening devices, video viewing or recording devices, digital cameras, video camcorders, portable gaming systems, docking stations, automatic answering devices and other similar devices and the devices' accessories.

5. " Portable electronics insurance" :

(a) Means insurance providing coverage for the repair or replacement of portable electronics that may provide coverage for portable electronics against loss, theft or inoperability, or any combination thereof, due to mechanical failure, malfunction, damage or other similar causes of loss.

(b) Does not include:

(i) A service contract under chapter 4, article 11 of this title.

(ii) An insurance policy covering a seller's or manufacturer's obligations under a warranty.

(iii) A homeowner's, renter's, private passenger automobile, commercial multiperil or similar policy.

6. " Portable electronics transaction" means either:

(a) The sale or lease of portable electronics by a vendor to a customer.

(b) The sale of a service related to the use of portable electronics by a vendor to a customer.

7. " Supervising entity" means a business entity that is a licensed insurer or insurance producer and that is authorized by an insurer to supervise the administration of a portable electronics insurance policy.

8. " Vendor" means a business in the business of engaging in portable electronics transactions directly or indirectly.