<?xml version='1.0' encoding='utf-8'?>
<section article="gin" article_name="Insurance" number="10-705" title_number="10" title_name="Regulation of Insurance Professions" subtitle_number="7" subtitle_name="Portable Electronics Vendors">
  <level label="a">
    <text>A limited lines license to offer or sell coverage under a policy of portable electronics insurance to a customer issued under this subtitle authorizes a vendor or an authorized representative of the vendor to sell coverage under a policy of portable electronics insurance to customers at each location at which the vendor engages in portable electronics transactions in the State if:</text>
    <level label="1">
      <text>the portable electronics insurance policies have been filed with and approved by the Commissioner;</text>
    </level>
    <level label="2">
      <text>the vendor holds an appointment under § 10–118 of this title with each authorized insurer that the vendor intends to represent;</text>
    </level>
    <level label="3">
      <text>at each location where coverage under a policy of portable electronics insurance is offered or sold to customers, the vendor provides to the customers disclosures approved by the Commissioner that:</text>
      <level label="i">
        <text>summarize the material terms of the coverage under the policy of portable electronics insurance including:</text>
        <level label="1">
          <text>the identity of the insurer;</text>
        </level>
        <level label="2">
          <text>the premium to be paid;</text>
        </level>
        <level label="3">
          <text>any applicable deductible;</text>
        </level>
        <level label="4">
          <text>the major features of the benefits of the coverage; and</text>
        </level>
        <level label="5">
          <text>the key terms and conditions of coverage including whether the portable electronics may be repaired or replaced with similar make and model reconditioned or nonoriginal manufacturer parts or equipment;</text>
        </level>
      </level>
      <level label="ii">
        <level label="1">
          <text>state that portable electronics insurance may duplicate insurance coverage already provided by a customer’s homeowner’s insurance policy, renter’s insurance policy, or other source of insurance coverage; and</text>
        </level>
        <level label="2">
          <text>state that the purchase of coverage under a policy of portable electronics insurance would make this coverage primary to any other coverage, including duplicate coverage;</text>
        </level>
      </level>
      <level label="iii">
        <text>state that the purchase of coverage under a policy of portable electronics insurance is not required in order to enter into the portable electronics transaction;</text>
      </level>
      <level label="iv">
        <text>describe the process for filing a claim if the customer elects to purchase coverage under a policy of portable electronics insurance including a description of:</text>
        <level label="1">
          <text>any requirement to pay a deductible;</text>
        </level>
        <level label="2">
          <text>any requirement to return portable electronics;</text>
        </level>
        <level label="3">
          <text>the maximum fee applicable if the customer fails to comply with a return requirement; and</text>
        </level>
        <level label="4">
          <text>any requirement to file a proof of loss;</text>
        </level>
      </level>
      <level label="v">
        <text>state that:</text>
        <level label="1">
          <text>the customer may cancel coverage under the portable electronics insurance at any time; and</text>
        </level>
        <level label="2">
          <text>if the customer cancels coverage under the portable electronics insurance, any unearned premium will be refunded to the person paying the premium in accordance with applicable law; and</text>
        </level>
      </level>
      <level label="vi">
        <text>provide the toll–free consumer hotline telephone number of the Administration; and</text>
      </level>
    </level>
    <level label="4">
      <text>the vendor provides a training program, approved by the Commissioner, for any employee or authorized representative who sells coverage under a policy of portable electronics insurance to customers under this subtitle that includes instruction:</text>
      <level label="i">
        <text>about the portable electronics insurance offered to customers of the vendor;</text>
      </level>
      <level label="ii">
        <text>that the employee or authorized representative may not represent or imply to a customer that purchase of coverage under a policy of portable electronics insurance is required in order to purchase portable electronics;</text>
      </level>
      <level label="iii">
        <text>that portable electronics insurance may duplicate insurance coverage already provided by a customer’s homeowner’s insurance policy, renter’s insurance policy, or other source of insurance coverage; and</text>
      </level>
      <level label="iv">
        <text>about the other disclosures required by item (3) of this subsection.</text>
      </level>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>The training required under subsection (a)(4) of this section may be provided in electronic form.</text>
    </level>
    <level label="2">
      <text>If training is conducted in electronic form, the supervising entity shall implement a supplemental education program about the portable electronics insurance product that is conducted and overseen by licensed insurance producers employed by the supervising entity.</text>
    </level>
  </level>
</section>
