ND HB1384

Creates new chapter 26.1-26.7 of North Dakota Century Code establishing a regulatory framework for portable electronics insurance covering devices with retail value under $5,000.

Requires vendors selling portable electronic devices to obtain a limited lines license to offer portable electronics insurance to customers at point of sale.

Mandates vendors provide written disclosures to customers stating insurance is optional, summarizing coverage terms, deductibles, claim procedures, and noting potential duplication with existing homeowner or renter policies.

Permits vendor employees and authorized representatives to sell portable electronics insurance without individual producer licenses if the vendor obtains a limited lines license and implements required training programs.

Establishes procedures for policy termination, requiring 30 days' notice for most changes, but allowing immediate termination for service cessation or fraud, with 10 days' notice for nonpayment of premium.