Oklahoma § 36-6670 - Definitions

§ 36-6670. Definitions

As used in this section through Section 6676 of this title:

1. "Commissioner" means the Insurance Commissioner;

2. "Enrolled customer" means a customer who elects coverage

under a portable electronics insurance policy issued to a vendor of

portable electronics;

3. "Customer" means a person who purchases portable electronics

or services;

Oklahoma Statutes - Title 36. Insurance

4. "Location" means any physical location in the State of

Oklahoma or any website, call center site, or similar location

directed to residents of the State of Oklahoma;

5. "Portable electronics" means electronic devices that are

portable in nature, their accessories and services related to the

use of the device;

6. "Portable electronics insurance" means 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: loss, theft, inoperability due

to mechanical failure, malfunction, damage or other similar causes

of loss. "Portable electronics insurance" does not include:

a.

a service contract governed by the Service Warranty

Act,

b.

a policy of insurance covering a seller's or a

manufacturer's obligations under a warranty,

c.

a homeowner's, renter's, private passenger automobile,

commercial multi-peril, or similar policy, or

d.

a contract excluded from the definition of a service

warranty as set forth by subparagraphs a through g of

paragraph 17 of Section 141.2 of Title 15 of the

Oklahoma Statutes;

7. "Portable electronics transaction" means:

a.

the sale or lease of portable electronics by a vendor

to a customer, or

b.

the sale of a service related to the use of portable

electronics by a vendor to a customer;

8. "Supervising entity" means a business entity that is a

licensed insurer or insurance producer; and

9. "Vendor" means a person in the business of engaging in

portable electronics transactions directly or indirectly.

Added by Laws 2011, c. 93, § 1, eff. Nov. 1, 2011. Amended by Laws

2012, c. 147, § 1, eff. Nov. 1, 2012; Laws 2013, c. 15, § 22, emerg.

eff. April 8, 2013; Laws 2016, c. 73, § 14, eff. Nov. 1, 2016.

NOTE: Laws 2012, c. 150, § 36 repealed by Laws 2013, c. 15, § 23,

emerg. eff. April 8, 2013.