Sec. 6. (a) As used in this chapter, "portable electronics insurance" means insurance that provides coverage for the repair or replacement of portable electronics, including coverage for loss, theft, inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss.
(b) The term does not include the following:
(1) A service contract or extended warranty that provides coverage for repair, replacement, or maintenance only to address operational or structural failure caused by:
(A) a defect in materials or workmanship;
(B) accidental damage from a power surge; or
(C) normal wear and tear.
(2) A policy of insurance that covers a seller's or manufacturer's obligations under a warranty.
(3) Any of the following:
(A) A homeowner's insurance policy.
(B) A renter's insurance policy.
(C) A private passenger automobile insurance policy.
(D) A commercial multi-peril insurance policy.
(E) An insurance policy that provides coverage similar to the insurance provided by a policy described in clauses (A) through (D).
As added by P.L.4-2012, SEC.3.
Structure Indiana Code
Article 1. Department of Insurance
Chapter 15.9. Portable Electronics Insurance
27-1-15.9-3. "Insured Customer"
27-1-15.9-5. "Portable Electronics"
27-1-15.9-6. "Portable Electronics Insurance"
27-1-15.9-7. "Portable Electronics Transaction"
27-1-15.9-8. "Supervising Entity"
27-1-15.9-11. Supervising Entity Location Registry; Examination
27-1-15.9-12. Written Materials; Content
27-1-15.9-13. Coverage Availability
27-1-15.9-14. Eligibility and Underwriting Standards
27-1-15.9-17. Insurer Requirements; Notices; Termination
27-1-15.9-18. Application for Limited Lines Producer License