24-A §7601. Definitions
§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 […]
24-A §7602. Licensure of self-storage providers
§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 […]
24-A §7603. Requirements for the sale of self-storage insurance
§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 […]
24-A §7604. Authority of self-storage providers
§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 […]
24-A §7605. Violations
§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. […]
24-A §7405. Insurance for peer-to-peer car sharing programs (REPEALED)
§7405. Insurance for peer-to-peer car sharing programs (REPEALED) SECTION HISTORY PL 2019, c. 367, §1 (NEW). PL 2021, c. 352, §11 (RP).
24-A §7606. Application for license and fees
§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 […]
24-A §7109. Enforcement provisions
§7109. Enforcement provisions 1. Investigation and examination by superintendent. The superintendent may conduct investigations and examinations of providers, administrators, insurers or other persons to enforce the provisions of this chapter and protect service contract holders. Upon request of the superintendent, a person subject to this chapter shall make available to the superintendent all accounts, books […]
24-A §7110. Unfair methods of competition; unfair and deceptive acts and practices
§7110. Unfair methods of competition; unfair and deceptive acts and practices 1. Prohibited acts and practices. A person may not engage in this State in any act or practice determined by the superintendent to be unfair or deceptive or in any of the following acts or practices in connection with the marketing, sale, offering for […]
24-A §7111. Rule-making authority
§7111. Rule-making authority The superintendent may adopt rules necessary to implement this chapter. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2011, c. 345, §4 (NEW); PL 2011, c. 345, §7 (AFF).] SECTION HISTORY PL 2011, c. 345, §4 (NEW). PL 2011, […]