S.C. Code § 38-97-10
Short title
This chapter may be cited as the "Portable Electronics Insurance Act".
South Carolina Code Title 38, Chapter 97 — Portable Electronics Insurance
South Carolina · statute · S.C. Code tit. 38, ch. 97 · 9 active provisions
Provisions
S.C. Code § 38-97-20
Definitions
For the purposes of this section: (1) "Customer" means a person who purchases portable electronics or related services. (2) "Enrolled customer" means a customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics. (3) "Location" means any physical location in thi…
S.C. Code § 38-97-30
Portable electronics insurance license; registry
(A) A vendor must hold a portable electronics insurance license to sell or offer coverage under a policy of portable electronics insurance. (B) A portable electronics insurance license issued under this section authorizes any employee or authorized representative of the vendor to sell or offer coverage under a policy o…
S.C. Code § 38-97-40
Brochures or other written materials to be made available to customers; insurance may be offered on periodic basis; eligibility and underwriting standards
(A) A vendor of portable electronics insurance must make certain brochures or other written materials available to its customers in a location where the vendor sells this insurance. The brochures or written materials must: (1) disclose that portable electronics insurance may provide a duplication of coverage already pr…
S.C. Code § 38-97-50
Sales and offers by nonlicensees; charges and billing
(A) The employees and authorized representatives of a vendor may sell or offer portable electronics insurance to customers and may not be subject to licensure as an insurance producer under this title if: (1) the vendor obtains a portable electronics insurance license to authorize its employees or authorized representa…
S.C. Code § 38-97-60
Penalties for violations of chapter
(A) A vendor of portable electronics, its employee, or its authorized representative who violates a provision of this chapter may after proper notice and an opportunity for a hearing be subject by the department to: (1) administrative penalties as provided in Section 38-2-10. However, administrative penalties shall not…
S.C. Code § 38-97-70
Termination or modification of electronics insurance; notice
(A) Notwithstanding another provision of law, an insurer may terminate coverage or otherwise change the terms and conditions of a policy of portable electronics insurance only as provided in the policy between the insurer and the policyholder and enrolled customers and only upon providing the policyholder and enrolled…
S.C. Code § 38-97-80
Application for license; renewal; fee
(A) A sworn application for a license under this chapter must be made to and filed with the department on forms prescribed by the department. (B) An application required under subsection (A) must provide the: (1) location of the home office of the applicant; and (2) name, residential address, and other information requ…
S.C. Code § 38-97-90
Authority of director; regulations
The director of the department: (1) may, by order, require policy forms, rates, and rules concerning portable electronics insurance be filed with, and approved by, the director or his designee before use if considered necessary for the protection of the public, notwithstanding another provision of law; and (2) may prom…