§3043. Coverage for rental equipment permitted
1.
Definitions.
As used in this section, unless the context otherwise indicates, the following terms have the following meanings.
A.
"Covered rental agreement" means a written agreement with a term of 30 continuous days or fewer setting forth the terms and conditions governing the use of covered rental equipment provided by a rental company.
[PL 2015, c. 77, §8 (NEW).]
B.
"Covered rental equipment" means equipment rented pursuant to a covered rental agreement for personal or household purposes.
[PL 2015, c. 77, §8 (NEW).]
C.
"Rental company" means a person or organization, including a franchisee, in the business of renting equipment to the public.
[PL 2015, c. 77, §8 (NEW).]
[PL 2015, c. 77, §8 (NEW).]
2.
Coverage for rental equipment permitted.
Notwithstanding any other provision of this Title, a rental company may offer for sale an insurance policy insuring against the loss of or damage to covered rental equipment under a covered rental agreement.
[PL 2015, c. 77, §8 (NEW).]
SECTION HISTORY
PL 2015, c. 77, §8 (NEW).