58-47-1. Definitions.
Terms used in this chapter mean:
(1)"Customer," any person who purchases portable electronics;
(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.
Structure South Dakota Codified Laws
Chapter 47 - Portable Electronics Insurance
Section 58-47-1 - Definitions.
Section 58-47-2 - Portable electronics insurance defined.
Section 58-47-5 - Periodic basis as group or master commercial inland marine policy.
Section 58-47-7 - Training program for vendor employees and representatives.
Section 58-47-9 - Change in policy terms and conditions--Notice.
Section 58-47-10 - Termination of insurance upon twenty days notice.
Section 58-47-11 - Immediate termination of insurance.
Section 58-47-12 - Notice of termination.
Section 58-47-13 - Notice and correspondence requirements.
Section 58-47-14 - Term of portable electronics license--Renewal.