Section 1810 – Applicability.
31A-22-1810. Applicability. This part is not applicable to a loan or lease originated by a federally insured depository institution, or a subsidiary or affiliate of a federally insured depository institution, or originated by any other entity as part of a plan to sell or assign an interest in the loan or lease to a federally […]
Section 1803 – Licensure required.
31A-22-1803. Licensure required. (1) Subject to Subsection 31A-22-1804(2) and Section 31A-23a-103, a vendor is required to hold a portable electronics limited lines license to sell or offer coverage under a portable electronics insurance policy. (2) A portable electronics limited lines license issued under this section authorizes an employee or authorized representative of the vendor to […]
Section 1804 – Application for license and fees.
31A-22-1804. Application for license and fees. (1) To obtain or renew a portable electronics insurance limited lines license under this part, a person shall: (a) file with the department an application for a portable electronics limited lines license on forms and in the manner the commissioner prescribes; (b) subject to Subsection (4), provide the name […]
Section 1805 – Employees and authorized representatives of a vendor.
31A-22-1805. Employees and authorized representatives of a vendor. (1) An employee or 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 under this title if: (a) the vendor obtains a portable electronics limited lines license that authorizes the vendor’s […]
Section 1806 – Penalties.
31A-22-1806. Penalties. Notwithstanding Section 31A-2-308, if a vendor or the vendor’s employee or authorized representative violate this part, the commissioner may do any of the following in accordance with Title 63G, Chapter 4, Administrative Procedures Act: (1) impose a fine not to exceed: (a) (i) $2,500 per violation by a licensed individual; or (ii) $5,000 […]
Section 1807 – Requirements for sale of portable electronics insurance — Policy provides primary coverage.
31A-22-1807. Requirements for sale of portable electronics insurance — Policy provides primary coverage. (1) At each location where a vendor offers portable electronics insurance to a customer, the vendor shall make available to a prospective customer written materials that: (a) disclose that portable electronics insurance may provide a duplication of coverage already provided by the […]
Section 1808 – Termination of or changes to portable electronics insurance.
31A-22-1808. Termination of or changes to portable electronics insurance. Notwithstanding any other provision of law: (1) (a) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers with at least 30 days notice. (b) Notwithstanding Subsection (1)(a), an insurer […]
Section 1809 – Billing.
31A-22-1809. Billing. (1) A vendor may bill and collect the premium for portable electronics insurance coverage. (2) (a) Any charge to an enrolled customer for portable electronics insurance coverage that is not included in the cost associated with the purchase or lease of portable electronics or related services shall be separately itemized on the enrolled […]