Nebraska Statutes 44-8502. Terms, defined
For purposes of the Portable Electronics Insurance Act:
Terms Used In Nebraska Statutes 44-8502
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. See Nebraska Statutes 49-801
- Contract: A legal written agreement that becomes binding when signed.
- Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
- Insurer: shall include all companies, exchanges, societies, or associations whether organized on the stock, mutual, assessment, or fraternal plan of insurance and reciprocal insurance exchanges. See Nebraska Statutes 44-103
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(1) Customer means a person who purchases portable electronics;
(2) Covered customer means a customer who elects coverage pursuant to a portable electronics insurance policy issued to a vendor of portable electronics;
(3) Director means the Director of Insurance;
(4) Location means any physical location in this state or any website, call center, or other site or similar location to which Nebraska customers may be directed;
(5) Portable electronics means any nonstationary electronic equipment and its accessories capable of communications or data processing or utility including, but not limited to, a laptop, a tablet, a wearable computer, a personal communications device such as a cellular or mobile telephone, a hand-held smart phone, a media player, an e-reader, a personal digital assistant, devices used for data collection, global positioning, or monitoring, and other devices that may or may not incorporate wireless transmitters and receivers. Portable electronics does not include telecommunications switching equipment, transmission wires, cellular site transceiver equipment, or other equipment or system used by a telecommunications company to provide telecommunications service to consumers;
(6)(a) Portable electronics insurance means insurance that provides coverage for the repair or replacement of portable electronics and may provide coverage for portable electronics that are lost, stolen, damaged, or inoperable due to mechanical failure or malfunction or suffer other similar causes of loss; and
(b) Portable electronics insurance does not include:
(i) A service contract under the Motor Vehicle Service Contract Reimbursement Insurance Act;
(ii) A service contract or extended warranty providing coverage as described in subdivision (2) of section 44-102.01 ;
(iii) A policy of insurance providing coverage for a seller’s or manufacturer’s obligations under a warranty; or
(iv) A homeowner’s, renter’s, private passenger automobile, commercial multiperil, or other similar policy;
(7) Portable electronics transaction means the sale or lease of portable electronics by a vendor to a customer or the sale of a service related to the use of portable electronics by a vendor to a customer;
(8) Supervising entity means a business entity that is a licensed insurance producer or insurer; and
(9) Vendor means a person in the business of engaging in portable electronics transactions directly or indirectly.