58-44A-1. Definitions. As used in this Article, the following definitions apply: (1) Customer. – A person who purchases portable electronics or services. (2) Enrolled customer. – A 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 of North […]
58-44A-10. Requirements for sale of portable electronics insurance. (a) At every location where portable electronics insurance is offered to customers, brochures or other written materials shall be made available to a prospective customer. Those materials shall do the following: (1) Disclose that portable electronics insurance may provide a duplication of coverage already provided by a […]
58-44A-15. Authority of vendors of portable electronics. (a) The employees and authorized representatives of vendors may sell or offer portable electronics insurance to customers and shall not be subject to licensure as an insurance producer under this Chapter provided that the following are true: (1) The vendor obtains a limited lines license to authorize its […]
58-44A-20. Suspension or revocation of license. If a vendor of portable electronics or its employee or authorized representative violates any provision of this section, the Commissioner may do any of the following: (1) Revoke or suspend a limited lines license issued under this Part [Article] in accordance with the provisions of G.S. 58-33-46. (2) After […]
58-44A-25. Application for license. The prerequisites for issuance of a limited lines license under this Article are the filing with the Commissioner of the following: (1) A license application, signed by an officer of the applicant, for the limited lines license in such form or forms, and supplements thereto, and containing such information, as the […]
58-44A-5. Licensure of vendors. (a) A vendor is required to hold a limited lines license to sell or offer coverage under a policy of portable electronics insurance. (b) A limited lines license issued under this section shall authorize any employee or authorized representative of the vendor to sell or offer coverage under a policy of […]
