Licensing and Authorization of Portable Electronics Insurance Producers and Related Entities

PURPOSE: This rule effectuates and aids in the interpretation of sections 379.1500 to 379.1550, RSMo, by providing definitions and license application procedures. (1) Definitions. As used in sections 379.1500 to 379.1550, RSMo and this rule— (A) “Authorized representative,” means any person with written authorization from a vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor’s portable electronics insurance producer license; and (B) “Employee,” means any individual who is employed part-time or full-time by a vendor and is authorized by the vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor’s portable electronics insurance producer license. (2) Application and Fees. Application for a portable electronics insurance license shall include a certification that each authorized representative and employee has the brochures and policy documents described in section 379.1510, RSMo in addition to the following, as applicable: (A) Initial Licensure. 1. Vendor with ten (10) or fewer locations. A. A completed application form, as prescribed by the director. B. One hundred dollar- ($100-) application fee. 2. Vendor with more than ten (10) locations. A. A completed application form, as prescribed by the director. B. One thousand dollar- ($1,000-) application fee; and (B) Renewal Application. 1. Vendor with ten (10) or fewer locations. A. A completed application form, as prescribed by the director. B. Fifty dollar- ($50-) application fee. 2. Vendor with more than ten (10) locations. A. A completed application form, as prescribed by the director. B. Five hundred dollar- ($500-) application fee. AUTHORITY: section 374.045, RSMo 2016, and sections 379.1500 through 379.1550, RSMo 2016.* Emergency rule filed Dec. 29, 2011, effective Jan. 9, 2012, expired July 6, 2012. Original rule filed Dec. 29, 2011, effective Aug. 30, 2012. Amended: Filed March 8, 2019, effective Sept. 30, 2019. *Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008; 379.1500, RSMo 2011; and 379.1550, RSMo 2011.