Portable Electronics Insurance Act

The Portable Electronics Insurance Act governs the sale of insurance covering portable electronic devices when that coverage is offered through the vendors of the devices themselves. It creates a licensing regime for those vendors, covering the license application and its fees, the requirements that must be satisfied when the coverage is sold, the scope of what a licensed vendor is authorized to do, and the grounds for suspending or revoking a license, along with rulemaking authority to implement the scheme. It also addresses the coverage itself once in force, setting rules for how portable electronics insurance may be terminated and how claims under it are handled.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.