ORS 646A.582
Written disclosure requirements
(1)
That portable electronics insurance coverage may duplicate coverage already held by the customer, including but not limited to homeowner’s insurance or renter’s insurance;(2)
That issuance of portable electronics insurance coverage is not required for the customer to purchase or lease portable electronics;(3)
The material terms of coverage, including but not limited to:(a)
The identity of and contact information for the insurer or the supervising entity that issued the insurance policy to the vendor policyholder;(b)
The amount of any applicable deductible and how the deductible is required to be paid when a claim is made;(c)
The benefits of coverage; and(d)
Whether the covered portable electronics will be repaired or replaced with a similar make and model, with a new or reconditioned device, accessory or part, or with a device, accessory or part from other than the original manufacturer;(4)
The process and requirements for returning portable electronics, and any fees that will apply in the event the enrolled customer does not comply with the process and requirements; and(5)
That the enrolled customer may cancel the portable electronics insurance coverage at any time and that the person paying the premium shall receive a refund of the unused portion of any amount that has been paid for coverage. A reasonable administrative fee may be charged in an amount not to exceed 10 percent of the refund due. [2011 c.393 §4]
Source:
Section 646A.582 — Written disclosure requirements, https://www.oregonlegislature.gov/bills_laws/ors/ors646A.html.
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