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§ 58-47-1 Definitions.

SD Codified L § 58-47-1 (2019) (N/A)
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58-47-1. Definitions. Terms used in this chapter mean:

(1) "Customer," any person who purchases portable electronics;

(2) "Enrolled customer," any customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics;

(3) "Location," any physical location in the state or any website, call center site, or similar location directed to residents of this state;

(4) "Portable electronics," electronic devices and their accessories that are easily carried by a person;

(5) "Portable electronics transaction," the sale or lease of portable electronics by a vendor to a customer, or the sale of a service related to the use of portable electronics by a vendor to a customer;

(6) "Supervising entity," any licensed insurer, licensed business entity, or licensed insurance producer that is appointed by an insurer to supervise the administration of a portable electronics insurance program;

(7) "Vendor," any person in the business of engaging in portable electronics transactions directly or indirectly.Source: SL 2012, ch 251, § 1; SL 2017, ch 215, § 1.

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§ 58-47-2 Portable electronics insurance defined.