(a) A vendor is required to hold a limited lines license to sell or offer coverage under a portable electronics insurance policy.
(b) A limited lines license issued under this subchapter shall authorize an employee or authorized representative of the licensee to sell or offer coverage under a policy of portable electronics insurance to a customer at locations the vendor engages in the business of portable electronics transactions.
(c) A supervising entity shall:
(1) Maintain a registry of vendor locations that are authorized to offer coverage for portable electronics in this state; and
(2) Produce the registry for inspection and examination during its regular business hours upon receipt of a ten-day notice from the Insurance Commissioner.
(d) A license issued under this subchapter authorizes the licensee and its employees or authorized representatives to engage in the activities authorized by this subchapter.
Section: 23-88-502 23-88-503 23-88-504 23-88-505 23-88-506 23-88-507 NextLast modified: November 15, 2016