58-47-1. Definitions.

Terms used in this chapter mean:

(1)    "Customer," any person who purchases portable electronics;

(2)    "Enrolled customer," any customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics;

(3)    "Location," any physical location in the state or any website, call center site, or similar location directed to residents of this state;

(4)    "Portable electronics," electronic devices and their accessories that are easily carried by a person;

(5)    "Portable electronics transaction," the sale or lease of portable electronics by a vendor to a customer, or the sale of a service related to the use of portable electronics by a vendor to a customer;

(6)    "Supervising entity," any licensed insurer, licensed business entity, or licensed insurance producer that is appointed by an insurer to supervise the administration of a portable electronics insurance program;

(7)    "Vendor," any person in the business of engaging in portable electronics transactions directly or indirectly.

Source: SL 2012, ch 251, § 1; SL 2017, ch 215, § 1.