Maine Revised Statutes Title 24-A. Maine Insurance Code § 3043. Coverage for rental equipment permitted
Current as of January 01, 2022 | Updated by FindLaw Staff
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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.
B. “Covered rental equipment” means equipment rented pursuant to a covered rental agreement for personal or household purposes.
C. “Rental company” means a person or organization, including a franchisee, in the business of renting equipment to the public.
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.
Cite this article: FindLaw.com - Maine Revised Statutes Title 24-A. Maine Insurance Code § 3043. Coverage for rental equipment permitted - last updated January 01, 2022 | https://codes.findlaw.com/me/title-24-a-maine-insurance-code/me-rev-st-tit-24-a-sect-3043.html
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