Tex. Ins. Code Section 4055.253
Authority of Vendor of Portable Electronic Devices

(a)

A vendor licensed under this subchapter and the vendor’s employee and authorized representative may act as an agent for an authorized insurer in connection with the sale and use of portable electronic devices and related services only with respect to:

(1)

insurance coverage provided to customers that covers portable electronic devices against one or more of the following:

(A)

loss;

(B)

theft;

(C)

mechanical failure;

(D)

malfunction;

(E)

damage; or

(F)

other applicable perils; or

(2)

the provision of any other coverage the commissioner approves as meaningful and appropriate in connection with the use of portable electronic devices or related services.

(b)

A vendor licensed under this subchapter may bill a customer for, and collect from a customer payment for, insurance coverage provided to the customer under this subchapter.

(c)

An insurer issuing a policy to a licensed vendor is considered to have received a premium from a vendor’s customer enrolled in coverage on the customer’s payment of the premium to the vendor.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 121 (H.B. 2569), Sec. 1, eff. September 1, 2009.
Acts 2013, 83rd Leg., R.S., Ch. 1174 (S.B. 839), Sec. 2, eff. September 1, 2013.

Source: Section 4055.253 — Authority of Vendor of Portable Electronic Devices, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­4055.­htm#4055.­253 (accessed Jun. 5, 2024).

4055.001
Definition 4055.002
Applicability of Chapter to Certain Agents 4055.003
Rules 4055.004
Application 4055.005
License Issuance 4055.006
Examination and Continuing Education Not Required 4055.007
Appointment as Agent by Insurer 4055.008
General Powers and Duties 4055.009
Certain Representations Prohibited 4055.010
Treatment of Certain Premiums 4055.011
Authority of Employee of Specialty License Holder 4055.012
Training Required to Act on Behalf of Specialty License Holder 4055.013
Assignment and Transfer of Compensation by Certain Agents 4055.014
Disclosures Required Before Issuance of Insurance 4055.015
Violation by Specialty License Holder 4055.051
Definitions 4055.052
Issuance of License 4055.053
Authority of Rental Car Company or Franchisee 4055.101
General Definitions 4055.102
Definition of Credit Property Insurance 4055.103
Issuance of License 4055.104
Authority of Credit Insurance Agent 4055.105
Exemption from Certain Disclosure Requirements 4055.151
Definitions 4055.152
Specialty License 4055.153
Authority of Travel Retailer 4055.154
Travel Insurance Generally 4055.155
Duties of Insurers and Supervising Entities 4055.156
Duties of Travel Retailers 4055.157
Enforcement 4055.158
Rulemaking 4055.201
Definitions 4055.202
Issuance of License 4055.203
Authority of Self-service Storage Facility or Franchisee 4055.251
Definitions 4055.252
Issuance of License 4055.253
Authority of Vendor of Portable Electronic Devices 4055.254
Insurance Policy 4055.255
Required Training 4055.256
Required Disclosures 4055.1515
Travel Insurance Supervising Entity and Travel Administrator
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 4055.253’s source at texas​.gov