As used in this Article, the following definitions apply:

(1)        Customer. – A person who purchases portable electronics or services.

(2)        Enrolled customer. – A customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics.

(3)        Location. – Any physical location in the State of North Carolina or any Web site, call center site, or similar location directed to residents of the State of North Carolina.

(4)        Portable electronics. – Electronic devices that are portable in nature, their accessories, and services related to the use of the device.

(5)        Portable electronics insurance. – Insurance providing coverage for the repair or replacement of portable electronics which may provide coverage for portable electronics against any one or more of the following causes of loss: (i) loss, (ii) theft, and (iii) inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. The term does not include the following:

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 the property due to a defect in materials, workmanship, accidental damage from handling, power surges, or normal wear and tear.

b.         A policy of insurance covering a seller’s or a manufacturer’s obligations under a warranty.

c.         A homeowner’s, renter’s, private passenger automobile, commercial multiperil, or similar policy.

(6)        Portable electronics transaction. – Either of the following:

a.         The sale or lease of portable electronics by a vendor to a customer.

b.         The sale of a service related to the use of portable electronics by a vendor to a customer.

(7)        Supervising entity. – A business entity that is a licensed insurer or insurance producer.

(8)        Vendor. – A person in the business of engaging in portable electronics transactions directly or indirectly. ?(2011-225, s. 1.)

Terms Used In North Carolina General Statutes 58-44A-1

  • Contract: A legal written agreement that becomes binding when signed.
  • Customer: A person who purchases portable electronics or services. See North Carolina General Statutes 58-44A-1
  • Enrolled customer: A customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics. See North Carolina General Statutes 58-44A-1
  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • 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
  • Location: Any physical location in the State of North Carolina or any Web site, call center site, or similar location directed to residents of the State of North Carolina. See North Carolina General Statutes 58-44A-1
  • Portable electronics: Electronic devices that are portable in nature, their accessories, and services related to the use of the device. See North Carolina General Statutes 58-44A-1
  • Portable electronics insurance: Insurance providing coverage for the repair or replacement of portable electronics which may provide coverage for portable electronics against any one or more of the following causes of loss: (i) loss, (ii) theft, and (iii) inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. See North Carolina General Statutes 58-44A-1
  • Portable electronics transaction: Either of the following:

    a. See North Carolina General Statutes 58-44A-1

  • property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
  • Supervising entity: A business entity that is a licensed insurer or insurance producer. See North Carolina General Statutes 58-44A-1
  • Vendor: A person in the business of engaging in portable electronics transactions directly or indirectly. See North Carolina General Statutes 58-44A-1
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