PURPOSE: This rule effectuates and aids in the interpretation of sections 379.1500 to 379.1550, RSMo, by defining “authorized representative” and “employee” and setting fees for initial and renewal applications.

1. (1) Definitions. As used in sections 379.1500 to 379.1550, RSMo, and in the regulations promulgated thereto, the following terms shall mean:

   1. (A) “Authorized representative,” any person contracted with, or that has other written authorization from a vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor’s portable electronics insurance producer license and under the vendor’s policy of portable electronics insurance; and
   2. (B) “Employee,” individual who is employed part-time or full-time by a vendor and is authorized by the vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor’s portable electronics insurance producer license and under the vendor’s policy of portable electronics insurance.

2. (2) Application and Fees. Application for a portable electronics insurance license shall include the following, as applicable:

   1. (A) Initial Licensure.

      1. 1. Vendor with ten (10) or fewer loca-

tions.

1. A. A completed application form, as

prescribed by the director.

1. B. One hundred dollar- ($100-) appli-

cation fee.

1. C. Notice that each location autho-

rized to sell, solicit, or negotiate portable electronics insurance has the brochures and actual policies or certificates of coverage required under section 379.1510, RSMo.

1. 2. Vendor with more than ten (10) loca-

tions.

1. A. A completed application form, as

prescribed by the director.

1. B. One thousand dollar- ($1,000-)

application fee.

1. C. Notice that each location autho-

rized to sell, solicit, or negotiate portable electronics insurance has the brochures and actual polices or certificates of coverage required under section 379.1510, RSMo; and

1. (B) Renewal Application.

   1. 1. Vendor with ten (10) or fewer loca-

tions.

1. A. A completed application form, as

prescribed by the director.

1. B. Fifty dollar- ($50-) application fee.
2. C. Notice that each location autho-

rized to sell, solicit, or negotiate portable electronics insurance has the brochures and actual polices or certificates of coverage required under section 379.1510, RSMo.

1. 2. Vendor with more than ten (10) loca-

tions.

1. A. A completed application form, as

prescribed by the director.

1. B. Five hundred dollar- ($500-) appli-

cation fee.

1. C. Notice that each location autho-

rized to sell, solicit, or negotiate portable electronics insurance has the brochures and actual polices or certificates of coverage required under section 379.1510, RSMo.

AUTHORITY: sections 379.1550 and 374.045, RSMo Supp. 2011.* Emergency rule filed Dec. 29, 2011, effective Jan. 9, 2012, expired July 6, 2012. Original rule filed Dec. 29, 2011, effective Aug. 30, 2012. *Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008 and 379.1550, RSMo 2011.