Terms Used In North Carolina General Statutes > Chapter 58 > Article 44A - Portable Electronics Insurance

• Affirmed: In the practice of the appellate courts, the decree or order is declared valid and will stand as rendered in the lower court.
• 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
• Fiduciary: A trustee, executor, or administrator.
• 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