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 able 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. Acts 2011, No. 1018, § 1.
Arkansas Legal Code