Oregon Statutes 646A.820 – Definitions
As used in ORS § 646A.820 to 646A.838:
Terms Used In Oregon Statutes 646A.820
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- 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
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(1) ‘Customer’ means a person that purchases or leases portable electronics.
(2) ‘Enrolled customer’ means a customer that purchases portable electronics insurance coverage from a vendor policyholder.
(3) ‘Insurer’ means an insurer as defined in ORS § 731.106 that issues, sells or offers for sale policies of portable electronics insurance to vendor policyholders.
(4) ‘Limited license’ means a license that authorizes a vendor to issue, sell or offer for sale portable electronics insurance coverage.
(5) ‘Location’ means a physical location in this state or a website, call center site or similar electronic or telephonic location where portable electronics may be purchased or leased.
(6) ‘Person’ means an individual, partnership, corporation, incorporated or unincorporated association, joint stock company or any similar entity or combination of entities acting in concert.
(7) ‘Portable electronics’ means an electronics device that is portable and includes accessories and services, including but not limited to wireless services, related to use of the device.
(8)(a) ‘Portable electronics insurance coverage’ means insurance that provides coverage for the repair or replacement of portable electronics in the event of loss, theft, inoperability due to mechanical failure, malfunction, damage or need for repair or replacement as a result of some other covered source of peril.
(b) ‘Portable electronics insurance coverage’ does not include:
(A) A service contract as defined in ORS § 646A.152 that is governed by ORS § 646A.150 to 646A.172;
(B) A warranty;
(C) A maintenance agreement as defined in ORS § 646A.152; or
(D) A policy of insurance covering the obligations of a vendor or of a portable electronics manufacturer under a warranty.
(9) ‘Supervising entity’ means an insurer as defined in ORS § 731.106, or an insurance producer as defined in ORS § 731.104, that may or may not issue, sell or offer for sale policies of portable electronics insurance to vendor policyholders.
(10) ‘Vendor’ means a person engaged in the business of selling or leasing or offering for sale or lease portable electronics.
(11) ‘Vendor policyholder’ means a vendor that holds a limited license under ORS § 646A.823 and that has been issued a policy by an insurer or a supervising entity pursuant to which the vendor may issue, sell or offer for sale portable electronics insurance coverage to customers. [Formerly 646A.575]