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Senate Bill 839 |
Senate Author: Hancock |
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Effective: 9-1-13 |
House Sponsor: Morrison |
Senate Bill 839 amends provisions of the Insurance Code relating to insurance coverage for certain portable electronic devices. The bill requires an insurer to provide notice to the master or group policyholder and each enrolled customer of a policy of portable electronics insurance at least 30 days before terminating or changing the terms and conditions of the policy. The bill requires an insurer that changes the terms and conditions of such a policy to provide certain information to the master or group policyholder and to each enrolled customer. The bill establishes grounds on which an insurer is authorized to terminate the coverage of an enrolled customer under a portable electronics insurance policy and specifies notice requirements for certain terminations of coverage. The bill requires a master or group policyholder who terminates a portable electronics insurance policy to provide notice of the termination to each enrolled customer not later than the 30th day before the date the termination becomes effective.
Senate Bill 839 sets out requirements for insurers and master or group policyholders relating to the form and method of delivery of a notice or correspondence sent with respect to a portable electronics insurance policy.
Senate Bill 839 authorizes a licensed portable electronics vendor to bill a customer for, and collect from a customer payment for, portable electronics insurance coverage provided to the customer. The bill requires a licensed portable electronics vendor to separately itemize on a customer's bill any charge to the customer for portable electronics insurance coverage that is not included in the cost associated with the purchase or lease of the covered portable electronic device or related services and, if that coverage is included in the associated cost, to clearly and conspicuously disclose the inclusion of that coverage to the customer at the time of the purchase or lease.