MO HB1034

Repeals and replaces section 379.1500, RSMo, to redefine terms used in portable electronics insurance regulations (sections 379.1500 to 379.1550)

Expands the definition of "portable electronics" to explicitly include cellular phones and smart phones with built-in applications and internet access

Clarifies that "portable electronics" excludes telecommunication and cellular equipment used by telecommunication companies to provide service to consumers

Portable electronics insurance is defined as a group or master commercial inland marine policy covering repair or replacement of portable electronics against loss, theft, mechanical failure, malfunction, damage, or other applicable perils

Establishes definitions for related terms including "vendor," "portable electronics transaction," "insurer," "portable electronics insurance license," and "supervising business entity"