§ 10-4-1501 — Definitions

Colorado § 10-4-1501

• Jurisdiction: Colorado
• Title 10: Insurance
• Art.: Property and Casualty Insurance

Text

As used in this part 15, unless the context otherwise
requires:

(1) Customer means a person who purchases portable electronics or
services.

(2) Enrolled customer means a customer who elects coverage under a
portable electronics insurance policy issued to a vendor of portable electronics.

(3) Insurer means any admitted company or authorized company, as
defined in section 10-1-102 (3), approved to transact insurance in this state.

(4) Location means any physical location in this state or any website, call
center site, or similar location directed to residents of this state.

(5) Portable electronics means personal, self-contained, easily carried by
an individual, battery-operated electronic communication, viewing, listening,
recording, gaming, computing, or global positioning devices, including cell or
satellite phones, pagers, personal global positioning satellite units, portable
computers, portable audio listening, wireless devices, video viewing or recording
devices, digital cameras, video camcorders, portable gaming systems, docking
stations, automatic answering devices, and other similar devices and their
accessories, and service related to the use of such devices.

(6) (a) Portable electronics insurance means insurance that provides
coverage for the repair or replacement of portable electronics that may provide
coverage for portable electronics against any one or more of the following causes
of loss:

(I) Loss;

(II) Theft;

(III) Inoperability due to mechanical failure or malfunction;

(IV) Damage; or

(V) Other similar causes of loss.

(b) Portable electronics insurance does not include:

(I) A service contract governed by part 16 of this article;

(II) A service contract that is in effect as of January 1, 2013, that provides
coverage for the loss of portable electronics associated with an ongoing service
relationship between a vendor and a consumer or that is otherwise regulated
pursuant to rules promulgated by the commissioner;

(III) A policy of insurance covering a seller's or manufacturer's obligations
under a warranty; or

(IV) A homeowner's, renter's, private passenger automobile, commercial
multi-peril, or similar policy.

(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 that is authorized by an insurer to supervise the administration
of a portable electronics insurance program.

(9) Vendor means a person in the business of engaging in portable
electronics transactions directly or indirectly.

Legislative History

Source: L. 2012: Entire part added, (HB 12-1071), ch. 25, p. 67, � 1, effective January 1, 2013. L. 2014: (6)(b)(I) amended, (HB 14-1199), ch. 204, p. 741, � 1, effective January 1, 2015.