58-47-7. Training program for vendor employees and representatives.
The administration of the sale of portable electronics insurance includes the development of a training program for employees and authorized representatives of the vendors. The training shall be delivered to employees and authorized representatives of vendors who are directly engaged in the activity of selling or offering portable electronics insurance. The training may be provided in electronic form. However, if conducted in an electronic form, the supervising entity shall implement a supplemental education program regarding the portable electronics insurance product that is conducted and overseen by a licensed producer of the supervising entity. Each employee and authorized representative shall receive basic instruction about the portable electronics insurance offered to customers and the disclosures required under §58-47-4.
Source: SL 2012, ch 251, §7.
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.