(a)  At every location where portable electronics insurance is offered to customers, brochures or other written materials must be made available to a prospective customer which:

(1)  Disclose that portable electronics insurance may provide a duplication of coverage already provided by a customer’s homeowner’s insurance policy, renter’s insurance policy or other source of coverage;

(2)  State that the enrollment by the customer in a portable electronics insurance program is not required in order to purchase or lease portable electronics or services;

(3)  Summarize the material terms of the insurance coverage, including:

(i)  The identity of the insurer;

(ii)  The identity of the supervising entity;

(iii)  The amount of any applicable deductible and how it is to be paid;

(iv)  Benefits of the coverage; and

(v)  Key terms and conditions of coverage such as whether portable electronics may be repaired or replaced with similar make and model reconditioned or non-original manufacturer parts or equipment.

(4)  Summarize the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable in the event the customer fails to comply with any equipment return requirements; and

(5)  State that an enrolled customer may cancel enrollment for coverage under a portable electronics insurance policy at any time and the person paying the premium shall receive a refund of any applicable unearned premium.

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(b)  Portable electronics insurance may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics for its enrolled customers.

(c)  Eligibility and underwriting standards for customers electing to enroll in coverage shall be established for each portable electronics insurance program.