§7601. Definitions As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 2021, c. 676, Pt. A, §42 (NEW).] 1. Customer. “Customer” means a person who rents or leases a storage space within a self-storage facility under a rental agreement with a self-storage provider. “Customer” includes […]
§7602. Licensure of self-storage providers 1. License required. A self-storage provider must obtain a limited lines license under this chapter prior to selling or offering coverage under a policy of self-storage insurance. [PL 2021, c. 676, Pt. A, §42 (NEW).] 2. Authority provided by license. A limited lines license issued under this chapter authorizes […]
§7603. Requirements for the sale of self-storage insurance 1. Brochures. At each location where a self-storage provider sells or offers self-storage insurance to customers, the self-storage provider shall make available to a prospective customer brochures or other written materials that: A. Disclose that self-storage insurance may provide a duplication of coverage already provided by […]
§7604. Authority of self-storage providers 1. Requirements for employees and authorized representatives of self-storage providers. An employee or authorized representative of a self-storage provider may sell or offer self-storage insurance to a customer and is not subject to licensure as an insurance producer under this chapter if: A. The self-storage provider obtains a limited […]
§7605. Violations 1. Penalties. If a self-storage provider or its employee or authorized representative violates any provision of this chapter, the superintendent may enforce this chapter in accordance with section 12‑A except the superintendent may not impose a fine exceeding $15,000 for aggregate conduct in violation of this chapter. [PL 2021, c. 676, Pt. […]
§7606. Application for license and fees 1. Application for license to be filed with superintendent. A self-storage provider must file a sworn application for a license under this chapter with the superintendent on forms prescribed and furnished by the superintendent. [PL 2021, c. 676, Pt. A, §42 (NEW).] 2. Contents of application. In addition […]
