Section 58-47-13 – Notice and correspondence requirements.
58-47-13. Notice and correspondence requirements. If any notice or correspondence with respect to a policy of portable electronics insurance is required, the notice or correspondence shall be in writing and mailed within any notice period specified within the statute or regulation requiring the notice or correspondence. Notwithstanding any other law, any notice or correspondence may […]
Section 58-47-14 – Term of portable electronics license–Renewal.
58-47-14. Term of portable electronics license–Renewal. A portable electronics license issued under this chapter is valid for one year unless suspended or revoked by the division. A license may be renewed upon expiration for another one-year period upon application of the vendor and payment of the fees as set forth in §58-2-29. Source: SL 2012, […]
Section 58-47-15 – Penalties for violation of chapter.
58-47-15. Penalties for violation of chapter. If a vendor of portable electronics or its employee or authorized representative violates any provision of this chapter, the director may do any of the following: (1)After notice and hearing, impose penalties permitted under this section that the director deems necessary and reasonable to carry out the purpose of […]
Section 58-47-16 – Application for license.
58-47-16. Application for license. An application for a license under this chapter shall be made to and filed with the director on forms prescribed and furnished by the director. The application shall provide: (1)The name, residence address, and other information required by the director for an employee or officer of the vendor that is designated […]
Section 58-47-11 – Immediate termination of insurance.
58-47-11. Immediate termination of insurance. An insurer may immediately terminate an enrolled customer’s enrollment under a portable electronics insurance policy: (1)If the enrolled customer ceases to have an active service with the vendor of portable electronics; or (2)If an enrolled customer exhausts the aggregate limit of liability, if any, under the terms of the portable […]
Section 58-47-12 – Notice of termination.
58-47-12. Notice of termination. If a portable electronics insurance policy is terminated by a vendor policyholder, the vendor policyholder shall mail or deliver a written notice to each enrolled customer advising the enrolled customer of the termination of the policy and the effective date of termination. The written notice shall be mailed or delivered to […]
Section 58-47-3 – Portable electronics license required to sell or offer portable electronics insurance coverage.
58-47-3. Portable electronics license required to sell or offer portable electronics insurance coverage. A vendor must have a portable electronics license issued pursuant to this chapter to sell or offer coverage under a policy of portable electronics insurance. A portable electronics license issued under this chapter authorizes any employee or authorized representative of the vendor […]
Section 58-47-4 – Brochures to be available at locations where portable electronics insurance offered–Contents.
58-47-4. Brochures to be available at locations where portable electronics insurance offered–Contents. At every location where portable electronics insurance is offered to customers, brochures or other written materials must be made available by a vendor to a prospective customer which: (1)Disclose that portable electronics insurance may provide a duplication of coverage already provided by a […]
Section 58-47-5 – Periodic basis as group or master commercial inland marine policy.
58-47-5. Periodic basis as group or master commercial inland marine policy. Portable electronics insurance may be offered on a month to month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics for its enrolled customers. Eligibility and underwriting standards for customers electing to enroll […]
Section 58-47-6 – Insurance producer license not required for vendor employees or representatives under certain conditions.
58-47-6. Insurance producer license not required for vendor employees or representatives under certain conditions. An employee or an authorized representative of a vendor may sell or offer portable electronics insurance to a customer and is not subject to licensure as an insurance producer if: (1)The vendor obtains a portable electronics license to authorize its employees […]