Vermont Statutes Title 8 Sec. 4261
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Terms Used In Vermont Statutes Title 8 Sec. 4261
- Portable electronics: means electronic devices that are portable in nature, their accessories, and services related to the use of such devices. See
- Portable electronics insurance: means insurance that may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy that provides coverage for the repair or replacement of portable electronics against any one or more of the following causes of loss: loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. See
§ 4261. Rulemaking; licensing; claims; sales
The Commissioner shall adopt rules establishing a business entity limited lines producer license for the sale of portable electronics insurance as well as requirements for the sale of portable electronics insurance by a vendor and its employees and authorized representatives and standards for the adjusting of claims under a policy of portable electronics insurance by a supervising entity. (Added 2011, No. 136 (Adj. Sess.), § 9, eff. May 18, 2012.)