An Act To Bring Maine's Minimum Financial Responsibility Laws Pertaining to Rental Vehicles into Conformity with Privately Owned Vehicles
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 29-A MRSA §1611, sub-§2, ¶A, as affected by PL 1995, c. 65, Pt. A, §153 and amended by Pt. B, §18 and affected by Pt. C, §15, is further amended to read:
A. Except as provided in paragraph E, there is a $350,000 combined single limit for rental vehicles, emergency vehicles and for-hire transportation vehicles for transporting freight or merchandise but not passengers in intrastate-exempt service or service exempted by the Interstate Commerce Commission federal Department of Transportation, Surface Transportation Board.
Sec. 2. 29-A MRSA §1611, sub-§2, ¶F is enacted to read:
F. For rental vehicles, the requirements are the same as under section 1605, subsection 1, paragraph C.
This bill changes the minimum amount of insurance required for a rental vehicle from $350,000 to the same as required for privately owned vehicles.