OH SB246

Establishes a new limited lines insurance category for "portable electronics insurance" covering repair or replacement of portable devices like smartphones, tablets, laptops, and cameras against loss, theft, damage, or malfunction.

Requires vendors selling portable electronics insurance to be licensed as insurance agents with a portable electronics insurance line of authority, with exemptions allowing unlicensed employees (endorsees) to sell the insurance if the vendor is licensed and an insurer supervises the program.

Mandates vendors provide training programs for employees, maintain registries of authorized sales locations, and furnish customers with written disclosures including coverage terms, claim procedures, warnings about potential duplicate coverage, and confirmation that enrollment is optional.

Prohibits endorsees from misrepresenting themselves as licensed agents, requiring insurance purchase, or falsely claiming ability to evaluate existing coverage; allows customers to cancel coverage at any time with premium refunds.

Sets application and renewal fees for portable electronics insurance vendors based on number of locations ($3,000-$5,000 initial application fee and $1,000-$2,500 biennial renewal fees) and authorizes the superintendent to impose penalties up to $25,000 per violation.