South Dakota § 58-47-4 Brochures to be available at locations where portable electronics insurance offered--Contents.

South Dakota Statutes

§ 58-47-4 — Brochures to be available at locations where portable electronics insurance offered--Contents.

South Dakota·Title 58 INSURANCE·Ch. 58-47 PORTABLE ELECTRONICS INSURANCE

At every location where portable electronics insurance is offered to customers, brochures or other written materials must be made available by a vendor to a prospective customer which:

(1)Disclose that portable electronics insurance may provide a duplication of coverage already provided by a customer's homeowner's insurance policy, renter's insurance policy, or other source of coverage;

(2)State that the enrollment by the customer in a portable electronics insurance program is not required in order to purchase or lease portable electronics or services;

(3)Summarize the material terms of the insurance coverage, including:

(a)The identity of the insurer;

(b)The identity of the supervising entity;

(c)The amount of any applicable deductible and how it is to be paid;

(d)

Free access — add to your briefcase to read the full text and ask questions with AI

At every location where portable electronics insurance is offered to customers, brochures or other written materials must be made available by a vendor to a prospective customer which: (1) Disclose that portable electronics insurance may provide a duplication of coverage already provided by a customer's homeowner's insurance policy, renter's insurance policy, or other source of coverage; (2) State that the enrollment by the customer in a portable electronics insurance program is not required in order to purchase or lease portable electronics or services; (3) Summarize the material terms of the insurance coverage, including: (a) The identity of the insurer; (b) The identity of the supervising entity; (c) The amount of any applicable deductible and how it is to be paid; (d) Benefits of the coverage; and (e) Key terms and conditions of coverage such as whether portable electronics may be repaired or replaced with similar make and model reconditioned or nonoriginal manufacturer parts or equipment; (4) Summarize the process for filing a claim, including a description of how to return portable electronics and the maximum fee applicable in the event the customer fails to comply with any equipment return requirements; and (5) State that an enrolled customer may cancel enrollment for coverage under a portable electronics insurance policy at any time and the person paying the premium shall receive a refund or credit of any applicable unearned premium.

South Dakota § 58-47-4 (Brochures to be available at locations where portable electronics insurance offered--Contents.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.