As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.

1. 1. Customer "Customer" means a person who purchases a portable electronic device or service.

   [PL 2011, c. 297, §5 (NEW).]

2. 2. Enrolled customer "Enrolled customer" means a customer who elects coverage under a portable electronic device insurance policy issued to a vendor.

   [PL 2011, c. 297, §5 (NEW).]

3. 3. Limited lines license "Limited lines license" means a license to sell or offer a policy for portable electronic device insurance.

   [PL 2011, c. 297, §5 (NEW).]

4. 4. Location "Location" means any physical location in the State or any publicly accessible website, call center or similar operation directed to residents of the State.

   [PL 2011, c. 297, §5 (NEW).]

5. 5. Portable electronic device "Portable electronic device" means an electronic device that is portable in nature, its accessories and services related to the use of the device.

   [PL 2011, c. 297, §5 (NEW).]

6. 6. Portable electronic device insurance "Portable electronic device insurance" means insurance authorized under section 705 providing coverage for the repair or replacement of a portable electronic device that may cover a portable electronic device against any one or more of the following causes of loss: loss, theft, inoperability due to mechanical failure, malfunction, damage or other similar causes of loss. "Portable electronic device insurance" does not include:

   1. A. A service contract or extended warranty providing coverage limited to the repair, replacement or maintenance of property for the operational or structural failure of property due to a defect in materials, workmanship, accidental damage from handling or normal wear and tear;

      [PL 2011, c. 297, §5 (NEW).]

   2. B. A policy of insurance covering a seller's or a manufacturer's obligations under a warranty; or

      [PL 2011, c. 297, §5 (NEW).]

   3. C. Homeowner's or renter's insurance, private passenger automobile insurance, commercial multiple peril insurance or any similar policy.

      [PL 2011, c. 297, §5 (NEW).]

   [PL 2011, c. 297, §5 (NEW).]

7. 7. Portable electronic device transaction "Portable electronic device transaction" means:

   1. A. The sale or lease of a portable electronic device by a vendor to a customer; or

      [PL 2011, c. 297, §5 (NEW).]

   2. B. The sale of a service related to the use of a portable electronic device by a vendor to a customer.

      [PL 2011, c. 297, §5 (NEW).]

   [PL 2011, c. 297, §5 (NEW).]

8. 8. Supervising entity "Supervising entity" means a business entity that is a licensed insurance producer or insurer.

   [PL 2011, c. 297, §5 (NEW).]

9. 9. Vendor "Vendor" means a person in the business of engaging in portable electronic device transactions directly or indirectly.

   [PL 2011, c. 297, §5 (NEW).]

PL 2011, c. 297, §5 (NEW).