Title 26.1 — Insurance

For purposes of this chapter: 1. "Business entity" means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. 2. "Customer" means a person that purchases a portable electronic device or services related to the u…

1. A vendor shall hold a limited lines license under this section to sell or offer coverage under a policy of portable electronics insurance. 2. A limited lines license issued under this section is limited to authorizing a vendor and the vendor's employees or authorized represent…

1. At every location where portable electronics insurance is offered to customers, the vendor shall make available to a prospective customer brochures or other written materials that: a. Disclose portable electronics insurance may provide a duplication of coverage already provide…

1. An employee and an authorized representative of a vendor may sell or offer portable electronics insurance to customers and are not subject to licensure as an insurance producer under this chapter if: a. The vendor obtains a limited lines license to authorize the vendor's emplo…

Notwithstanding any other provision of law: 1. An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers with at least thirty days notice. 2. If the insurer chang…

1. A vendor shall apply for licensure under subsection 2 of section 26.1-26-13.3. 2. An applicant shall apply for licensure under the provisions of section 26.1-26-13.3. In lieu of providing the information for all officers, directors, and shareholders owning more than ten percen…