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Indiana Code Title 5. State and Local Administration § 5-1.3-3-14

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As used in this part 17, unless the context otherwise requires:

(1) “Business entity” includes an individual working for or acting on behalf of the self-storage retailer.

(2) “Insurer” means an admitted company or authorized company, as defined in section 10-1-102(3), approved to transact insurance in this state.

(3) “Occupant” means a person or his or her lessee, successor, or assignee entitled to the use of a self-storage space at a self-service storage facility, to the exclusion of others, under a self-storage rental agreement.

(4) “Offer and disseminate” means to provide general information about self-storage insurance, including a description of the coverage and price, as well as processing the application, collecting premiums, and performing other nonlicenseable activities permitted by the state.

(5) “Self-service storage facility” means real property designed and used for the sole purpose of renting or leasing individual storage space to occupants who are given access to a self-storage space for the sole purpose of storing and removing personal property.

(6) “Self-storage insurance” means insurance coverage for property loss incidental to the rental of a self-storage space at a self-service storage facility.

(7) “Self-storage rental agreement” means a written agreement setting forth the terms and conditions governing the use of a self-storage space provided by a self-service storage facility for rent or lease.

(8) “Self-storage retailer” means a business entity that rents self-storage units and may offer and disseminate self-storage insurance as a service to its customers on behalf of and under the direction of a supervising entity.

(9) “Self-storage space” means a designated storage unit or other designated space at a self-service storage facility.

(10) “Supervising entity” means a business entity or person that is a limited line producer, as that term is defined in section 10-2-103(7.3), authorized by an insurer to supervise a self-storage retailer.

Cite this article: - Indiana Code Title 5. State and Local Administration § 5-1.3-3-14 - last updated June 08, 2021 |

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