CA AB690

Replaces "communications equipment" with "portable electronics" throughout Insurance Code provisions governing insurance agent licensing and sales requirements

Expands the definition of portable electronics to include personal electronic devices such as cell phones, laptops, tablets, cameras, gaming systems, and GPS units, plus any other portable devices approved by the commissioner

Authorizes endorsees (employees and authorized representatives) of portable electronics vendors to sell insurance under the vendor's license if training requirements are met, including instruction on coverage types, ethical sales practices, and required customer disclosures

Limits endorsee compensation to no more than $15 per customer for incidental compensation related to insurance sales, and prohibits compensation based primarily on the number of customers electing coverage

Requires portable electronics vendors to maintain updated lists of all state locations offering coverage, provide required disclosures to customers about optional coverage and potential duplication with existing policies, and separately itemize insurance costs in billing statements