North Carolina § 58-44A-1 - Definitions.

§ 58-44A-1. Definitions.

As used in this Article, the following definitions apply: Customer. - A person who purchases portable electronics or services. Enrolled customer. - A customer who elects coverage under a portable electronics insurance policy issued to a vendor of portable electronics. Location. - Any physical location in the State of North Carolina or any Web site, call center site, or similar location directed to residents of the State of North Carolina. Portable electronics. - Electronic devices that are portable in nature, their accessories, and services related to the use of the device. Portable electronics insurance. - Insurance providing coverage for the repair or replacement of portable electronics which may provide coverage for portable electronics against any one or more of the following causes of loss: (i) loss, (ii) theft, and (iii) inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss. The term does not include the following: A service contract or extended warranty providing coverage limited to the repair, replacement, or maintenance of property for the operational or structural failure of the property due to a defect in materials, workmanship, accidental damage from handling, power surges, or normal wear and tear. A policy of insurance covering a seller's or a manufacturer's obligations under a warranty. A homeowner's, renter's, private passenger automobile, commercial multiperil, or similar policy. Portable electronics transaction. - Either of the following: The sale or lease of portable electronics by a vendor to a customer. The sale of a service related to the use of portable electronics by a vendor to a customer. Supervising entity. - A business entity that is a licensed insurer or insurance producer. Vendor. - A person in the business of engaging in portable electronics transactions directly or indirectly. History (2011-225, s. 1.)