MN SF2310

Amends the definition of "supervising agency" to include licensed insurers and insurance producers appointed to supervise portable electronics insurance programs, replacing the narrower "agency" terminology.

Modifies vendor license application requirements to eliminate the need to list each specific location offering coverage and instead requires applicants to indicate whether they intend to offer coverage from more than ten locations statewide or through a website.

Requires vendors or supervising entities to maintain a registry of authorized locations for selling portable electronics insurance that must be made available to the commissioner upon request within ten days.

Changes training program requirements to allow supervising entities to implement supplemental education regarding the insurance product instead of requiring in-person training by licensed employees.

Clarifies billing and disclosure requirements by specifying that charges for portable electronics insurance not included in the purchase or lease cost must be separately itemized and establishes procedures for mailing and electronic notice to vendors and covered customers.

Effective January 1, 2013.