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Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-88-501. Definitions

Current as of March 28, 2024 | Updated by Findlaw Staff

As used in this subchapter:

(1) “Customer” means a person who purchases portable electronics or services;

(2) “Enrolled customer” means a customer who elects to have coverage under a portable electronics insurance policy issued by a vendor;

(3) “Location” means, as directed to residents of the State of Arkansas:

(A) A physical location in this state;

(B) A website; or

(C) A call center site or similar location;

(4) “Portable electronics” means electronic devices that are portable in nature, including the accessories and services related to the use of the electronic device;

(5)(A) “Portable electronics insurance” means insurance for the repair or replacement of portable electronics that includes the following causes of loss:

(i) Loss;

(ii) Theft; and

(iii) Inoperability due to mechanical failure, malfunction, damage, or other similar causes of loss.

(B) “Portable electronics insurance” does not include a service contract governed by the Service Contracts Act, § 4-114-101 et seq.;

(6) “Portable electronics transaction” means:

(A) The sale or lease to a customer of portable electronics by a vendor; or

(B) The sale of a service related to the use of portable electronics to a customer by a vendor;

(7) “Supervising entity” means a business entity that is an insurer or insurance producer licensed under the insurance laws of this state; and

(8) “Vendor” means a person that engages in the business of portable electronics transactions.

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Cite this article: FindLaw.com - Arkansas Code Title 23. Public Utilities and Regulated Industries § 23-88-501. Definitions - last updated March 28, 2024 | https://codes.findlaw.com/ar/title-23-public-utilities-and-regulated-industries/ar-code-sect-23-88-501/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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