Maine Revised Statutes

§7001. Definitions

As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [2011, c. 297, §5 (NEW).]

1. Customer.   "Customer" means a person who purchases a portable electronic device or service.
[ 2011, c. 297, §5 (NEW) .]
2. Enrolled customer.   "Enrolled customer" means a customer who elects coverage under a portable electronic device insurance policy issued to a vendor.
[ 2011, c. 297, §5 (NEW) .]
3. Limited lines license.   "Limited lines license" means a license to sell or offer a policy for portable electronic device insurance.
[ 2011, c. 297, §5 (NEW) .]
4. Location.   "Location" means any physical location in the State or any publicly accessible website, call center or similar operation directed to residents of the State.
[ 2011, c. 297, §5 (NEW) .]
5. Portable electronic device.   "Portable electronic device" means an electronic device that is portable in nature, its accessories and services related to the use of the device.
[ 2011, c. 297, §5 (NEW) .]
6. Portable electronic device insurance.   "Portable electronic device insurance" means insurance authorized under section 705 providing coverage for the repair or replacement of a portable electronic device that may cover a portable electronic device 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. "Portable electronic device insurance" does not include:
A. A service contract or extended warranty providing coverage limited to the repair, replacement or maintenance of property for the operational or structural failure of property due to a defect in materials, workmanship, accidental damage from handling or normal wear and tear; [2011, c. 297, §5 (NEW).]
B. A policy of insurance covering a seller's or a manufacturer's obligations under a warranty; or [2011, c. 297, §5 (NEW).]
C. Homeowner's or renter's insurance, private passenger automobile insurance, commercial multiple peril insurance or any similar policy. [2011, c. 297, §5 (NEW).]
[ 2011, c. 297, §5 (NEW) .]
7. Portable electronic device transaction.   "Portable electronic device transaction" means:
A. The sale or lease of a portable electronic device by a vendor to a customer; or [2011, c. 297, §5 (NEW).]
B. The sale of a service related to the use of a portable electronic device by a vendor to a customer. [2011, c. 297, §5 (NEW).]
[ 2011, c. 297, §5 (NEW) .]
8. Supervising entity.   "Supervising entity" means a business entity that is a licensed insurance producer or insurer.
[ 2011, c. 297, §5 (NEW) .]
9. Vendor.   "Vendor" means a person in the business of engaging in portable electronic device transactions directly or indirectly.
[ 2011, c. 297, §5 (NEW) .]
SECTION HISTORY
2011, c. 297, §5 (NEW).

Data for this page extracted on 10/06/2014 09:04:03.