|
SS/HCS/HB 58 - This act governs the responsibility of vendors for selling portable electronics insurance. Under current law, vendors selling portable electronics insurance coverage must ensure that all of their locations have specific brochures and actual policies or certificates of coverage available to prospective customers. This act deletes the requirement that the vendors provide actual policies or certificates of coverage to prospective customers. Current law also requires the vendor provided brochures to disclose to prospective customers that portable electronics insurance coverage is primary over any other collateral coverage. This act deletes this disclosure requirement. The act also provides that any electronics insurance policy issued after January 1, 2015, shall contain a disclosure to the effect that it is primary coverage. In addition, a policy or certificate of coverage shall be made available to prospective customers at the point of sale or delivered to an enrolled customer within 60 days from the date a customer enrolls for coverage. This act contains an emergency clause. STEPHEN WITTE
|