- 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 pursuant to this section shall authorize any employee or authorized representative of the vendor to sell or offer coverage under a policy of portable electronics insurance to a customer at each location at which the vendor engages in portable electronics transactions.
- C. In connection with a vendor’s application for licensure and on a quarterly basis thereafter, the vendor shall provide a list to the Insurance Commissioner of all locations in this state at which it offers coverage.
- D. Notwithstanding any other provision of law, a license issued pursuant to this section shall authorize the licensee and its employees or authorized representatives to engage in those activities that are permitted in this section.
Laws 2011, SB 801, c. 93, § 2, eff. November 1, 2011.