South Dakota Codified Laws 58-47-1. Definitions
Terms used in this chapter mean:
(1) “Customer,” any person who purchases portable electronics;
Terms Used In South Dakota Codified Laws 58-47-1
- 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: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(2) “Enrolled customer,” any 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 or any website, call center site, or similar location directed to residents of this state;
(4) “Portable electronics,” electronic devices and their accessories that are easily carried by a person;
(5) “Portable electronics transaction,” 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;
(6) “Supervising entity,” any licensed insurer, licensed business entity, or licensed insurance producer that is appointed by an insurer to supervise the administration of a portable electronics insurance program;
(7) “Vendor,” any person in the business of engaging in portable electronics transactions directly or indirectly.
Source: SL 2012, ch 251, § 1; SL 2017, ch 215, § 1.