MI HB5057

Creates a new Chapter 12C establishing a limited line portable electronics insurance producer license for vendors selling portable electronics insurance without requiring a full insurance producer license.

Allows vendor employees and authorized representatives to sell portable electronics insurance without an insurance producer license if their employer holds the limited line license, receives proper training, and compensation is not primarily based on enrollment numbers.

Requires vendors offering portable electronics insurance to provide written disclosure materials to customers including insurer identity, deductibles, coverage benefits, claim filing procedures, and notice that enrollment is optional and may duplicate existing coverage.

Establishes licensing fees not to exceed $1,000 for initial licenses or $500 for renewals (reduced to $100 for vendors with 10 or fewer locations in Michigan), with 24-month expiration for initial licenses.

Modifies electronic delivery requirements in Section 2266 to exempt portable electronics insurance (Chapter 12C) and clarifies that electronic consent to email delivery is presumed from customer provision of email addresses for policy notices.