215 ILCS 136/1
Short title
Short title. This Act may be cited as the Portable Electronics Insurance Act. (Source: P.A. 97-366, eff. 1-1-12.)
Illinois Compiled Statutes 215 ILCS 136 — Portable Electronics Insurance Act.
Illinois · statute · 215 ILCS 136 · 9 active provisions
215 ILCS 136/5
Definitions
Definitions. For purposes of this Act, the following terms have the following meanings: "Customer" means a person who purchases portable electronics or services. "Department" means the Department of Insurance. "Director" means the Director of Insurance. "Enrolled customer" means a customer who elects coverage under a p…
215 ILCS 136/10
Licensure of vendors
Licensure of vendors. (a) In order to sell or offer coverage under a policy of portable electronics insurance, a vendor is required to hold a limited-lines license. (b) A limited-lines license issued under this Act shall authorize any employee or authorized representative of the vendor to sell or offer coverage under a…
215 ILCS 136/15
Requirements for sale of portable electronics insurance
Requirements for sale of portable electronics insurance. (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. The brochures or other written materials shall do all of the following: (1) disclose that po…
215 ILCS 136/20
Authority of vendors of portable electronics
Authority of vendors of portable electronics. (a) The employees and authorized representatives of vendors may sell or offer portable electronics insurance to customers and shall not be subject to licensure as an insurance producer under the Illinois Insurance Code provided that: (1) the vendor obtains a limited-lines l…
215 ILCS 136/25
Suspension or revocation of license and other penalties
Suspension or revocation of license and other penalties. If a vendor of portable electronics or its employee or authorized representative violates any provision of this Act, then the Director may do any of the following: (1) take any action in accordance with Section 500-70 of the Illinois Insurance Code; (2) impose ot…
215 ILCS 136/30
Termination of portable electronics insurance
Termination of portable electronics insurance. Notwithstanding any other provision of law: (1) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers with at least 60 days notice. (2) If the insurer…
215 ILCS 136/35
Application for license and fees
Application for license and fees. (a) A sworn application for a license under this Act shall be made to and filed with the Department on forms prescribed and furnished by the Director. (b) In addition to other information required by the Director, the application shall provide the following: (1) the name, residential a…
215 ILCS 136/99
Effective date
Effective date. This Act takes effect January 1, 2012. (Source: P.A. 97-366, eff. 1-1-12.)