                                 CODE OF VIRGINIA

REQUIREMENTS FOR SALE OF PORTABLE ELECTRONICS INSURANCE (§ 38.2-1877)

A. At every location where portable electronics insurance is offered to
customers, the vendor shall make available to a prospective customer brochures
or other written materials that:

   1. Disclose that portable electronics insurance may provide a duplication of
   coverage already provided by a customer&#8217;s homeowner&#8217;s insurance
   policy, renter&#8217;s insurance policy, or other source of coverage;

   2. State that the purchase of coverage by a customer of portable electronics
   insurance is not required in order to purchase or lease portable electronics
   or services;

   3. Summarize the material terms of the insurance coverage, including: (i) the
   identity of the insurer; (ii) the amount of any applicable deductible and how
   it is to be paid; (iii) benefits of the coverage; and (iv) 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; and

   4. Summarize the process for filing a claim, including a description of (i)
   any requirements to return portable electronics and the maximum fee applicable
   in the event the customer fails to comply with any equipment return
   requirements and (ii) proof of loss requirements.

B. Portable electronics insurance may be offered on a month-to-month or other
periodic basis as an individual policy or a group or master commercial inland
marine policy issued to a vendor of portable electronics under which the
individual customer may elect to purchase coverage.

C. An insurer or vendor of portable electronics insurance may issue notices and
correspondence by mail or by electronic means as set forth in this subsection.
The consumer may provide an electronic mail address to the insurer or vendor of
portable electronics which shall be considered to be the customer&#8217;s
consent to receive notices and correspondence by electronic means so long as a
disclosure to that effect is provided to the customer within 30 days following
the purchase of portable electronics insurance.

HISTORY: 2011, c. 222; 2019, c. 523.