§7002. Licensure of vendors
                  1. 
                                License required. 
                                A vendor is required to hold a limited lines license under this chapter to sell or offer coverage under a policy of portable electronic device insurance.
                                     
                                
                [PL 2011, c. 297, §5 (NEW).]
              
                  2. 
                                Authority provided by license. 
                                A limited lines license issued under this chapter authorizes any employee or authorized representative of a vendor to sell or offer coverage under a policy of portable electronic device insurance to a customer at each location at which the vendor engages in portable electronic device transactions.
                                     
                                
                [PL 2011, c. 297, §5 (NEW).]
              
                  3. 
                                List of locations. 
                                In connection with a vendor's application for licensure and upon request by the superintendent, the vendor shall provide a list to the superintendent of all locations in this State at which the vendor offers coverage.
                                     
                                
                [PL 2011, c. 297, §5 (NEW).]
              
                  4. 
                                Activities authorized by license. 
                                Notwithstanding any other provision of law, a license issued pursuant to this chapter authorizes the licensee and its employees or authorized representatives to engage only in those activities that are expressly permitted in this chapter.
                                     
                                
                [PL 2011, c. 297, §5 (NEW).]
              
                        SECTION HISTORY
                        
            PL 2011, c. 297, §5 (NEW).