40-5601 Citation of act.

40-5601. Citation of act. K.S.A. 40-5601 through 40-5609, and amendments thereto, shall be known and may be cited as the portable electronics insurance act. History: L. 2011, ch. 75, § 1; Jan. 1, 2012.

40-5602 Definitions.

40-5602. Definitions. For purposes of this act: (a) “Commissioner” means the commissioner of insurance. (b) “Covered customer” means a customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics devices. (c) “Customer” means a person who purchases or leases portable electronics devices or services. (d) “Insurance producer” shall […]

40-5603 License required.

40-5603. License required. (a) A vendor shall be required to hold a limited lines license to sell or offer coverage under a policy of portable electronics insurance. To hold a limited lines license to sell or offer coverage under a policy of portable electronics insurance, a vendor shall meet all the requirements to be a […]

40-5604 Disclosures required.

40-5604. Disclosures required. (a) At every location where portable electronics insurance is offered to customers, brochures or other written material shall be made available to a prospective customer which: (1) Discloses that portable electronics insurance may provide a duplication of coverage already provided by a customer’s homeowner’s insurance policy, renter’s insurance policy or other source […]

40-5605 Vendor requirements; training; charges for insurance.

40-5605. Vendor requirements; training; charges for insurance. (a) The employees and authorized representatives of vendors may sell or offer portable electronics insurance to customers at each location at which the vendor engages in portable electronics transactions and shall not be subject to licensure as an insurance producer under K.S.A. 40-4901 et seq., and amendments thereto, […]

40-5606 Violations; penalties.

40-5606. Violations; penalties. If a supervising entity, vendor of portable electronics, or employee or authorized representative of a vendor violates any provision of this act, K.A.R. 40-1-34, K.S.A. 40-2404 or 40-4909, and amendments thereto, the commissioner may: (a) Impose on the supervising entity or vendor any or all of the penalties authorized under chapter 40 […]

40-5607 Policy changes; when allowed; notice requirements; return of unearned premiums.

40-5607. Policy changes; when allowed; notice requirements; return of unearned premiums. Notwithstanding any other provision of law: (a) An insurer may not terminate an individually enrolled customer based solely upon the age of such enrolled customer’s covered portable electronic device. (b) If the insurer changes the terms and conditions of a policy, the insurer shall […]

40-5608 Severability clause.

40-5608. Severability clause. If any provision of this act, or the application of such provision to any person or circumstances, shall be held invalid, the remainder of the act, and the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby. History: […]

40-5609 Rules and regulations.

40-5609. Rules and regulations. The commissioner may adopt rules and regulations necessary to implement this act. History: L. 2011, ch. 75, § 9; Jan. 1, 2012.