{"data":{"id":"us-sc/s.c.-code-ann.-38-97-40","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 38-97-40","heading":"Brochures or other written materials to be made available to customers; insurance may be offered on periodic basis; eligibility and underwriting standards.","body":"(A) A vendor of portable electronics insurance must make certain brochures or other written materials available to its customers in a location where the vendor sells this insurance. The brochures or written materials must:\n(1) disclose that portable electronics insurance may provide a duplication of coverage already provided by a homeowner's policy, renter's insurance policy, or other source of insurance coverage of the customer;\n(2) state that the enrollment in a portable electronics insurance program is not required for the customer to purchase or lease portable electronics or services from the vendor; and\n(3) summarize the material terms of the insurance coverage, including:\n(a) the identity of the insurer;\n(b) the identity of the supervising entity;\n(c) the amount of any applicable deductible and how this deductible must be paid;\n(d) benefits of the coverage;\n(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;\n(f) a summary of the process for filing a claim under the policy, including a description of how to return portable electronics and the maximum fee applicable if an enrolled customer fails to comply with an equipment return requirement; and\n(g) a statement that an enrolled customer may cancel enrollment for coverage under a portable electronics insurance policy at any time and the person who pays the premium must receive a refund of any applicable unearned premium.\n(B) Portable electronics insurance may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics for its enrolled customers.\n(C) Eligibility and underwriting standards for customers electing to enroll in coverage must be established for each portable electronics insurance program.","path":["Title 38 - INSURANCE","CHAPTER 97 Portable Electronics Insurance"],"source_url":"https://www.scstatehouse.gov/code/t38c097.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:15:59Z","sha256":"a6649f2c6b3152d90dc3f25391753f12a558ad63ab47012ec20689bd794d9dee","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-38-97-30","next":"us-sc/s.c.-code-ann.-38-97-50"},"notice":"GroundRules: Original legal text. Not legal advice."}