Plain English Breakdown
The official source does not specify what optical products are or detail training and record-keeping requirements.
Insurance for Portable Electronics and Optical Products
The bill expands the types of products covered under portable electronics insurance licenses to include optical products, requiring vendors selling these items to have proper licensing.
What This Bill Does
- Expands the current law that allows vendors who sell portable electronic devices to also offer insurance for those devices.
- Includes optical products in the list of items for which vendors can provide insurance with a special license.
- Requires vendors and their employees to follow rules about training, record-keeping, and informing customers about the insurance options.
Who It Names or Affects
- Vendors who sell portable electronic devices and optical products
- Customers buying these items who might want insurance
Terms To Know
- endorsee
- A person or company that is allowed to use another's license to sell insurance.
- state-mandated local program
- A program where the state requires local agencies to do something, and may need to pay them for it.
Limits and Unknowns
- The bill does not specify what optical products are.
- It is unclear how much training or record-keeping will be required under this new law.