Section 10-604 - Limited lines license to sell rental vehicle insurance - Authorization to offer or sell certain insurance products.
§ 10-604. Limited lines license to sell rental vehicle insurance - Authorization to offer or sell certain insurance products.
(a) In general.- A limited lines license to sell insurance in connection with, and incidental to, the rental of a motor vehicle issued under this subtitle authorizes the motor vehicle rental company to offer or sell, in connection with, and incidental to, a motor vehicle rental agreement in which the rental period does not exceed 30 days, the insurance products specified in paragraph (b) of this section if:
(1) the policies have been filed with and approved by the Commissioner;
(2) the motor vehicle rental company holds an appointment with each authorized insurer, under § 10-118 of this title, that the motor vehicle rental company intends to represent;
(3) prior to completion of the rental transaction, the motor vehicle rental company provides to the renter disclosures approved by the Commissioner that:
(i) summarize, clearly and correctly, the material terms of coverage, including limitations or exclusions;
(ii) identify the authorized insurer or insurers;
(iii) specify that the policies offered by the motor vehicle rental company may provide a duplication of coverage already provided by a renter's personal automobile insurance policy, homeowner's insurance policy, personal liability insurance policy, or other source of coverage;
(iv) specify that the purchase of the coverages offered by the motor vehicle rental company is not required in order for the renter to rent a vehicle;
(v) describe the process by which the renter can file a claim; and
(vi) specify that any excess liability coverage purchased by the renter may duplicate coverage required to be provided under § 18-102(a)(2) of the Transportation Article; and
(4) the motor vehicle rental company provides a training program, approved by the Commissioner, for any employee who sells, solicits, or negotiates insurance coverage under this subtitle that includes:
(i) instruction about the kinds of insurance specified in subsection (b) of this section that can be offered to renters;
(ii) instruction that the trainee shall inform a renter that the purchase of any insurance from the motor vehicle rental company is not required in order for the renter to rent a vehicle; and
(iii) instruction that the trainee shall inform a renter that the renter may have insurance policies that already provide the coverage being offered by the motor vehicle rental company.
(b) Types of policies.- A limited lines license to sell insurance in connection with, and incidental to, the rental of a motor vehicle issued under this subtitle authorizes the motor vehicle rental company to offer or sell insurance policies under this subtitle that are:
(1) in excess of or optional to the coverages required to be provided by the motor vehicle rental company under Title 17 of the Transportation Article and any related regulations; and
(2) one of the following kinds of insurance:
(i) bodily injury liability;
(ii) property damage liability;
(iii) uninsured motorist insurance; or
(iv) if approved by the Commissioner, any other insurance coverage that is appropriate in connection with the rental of a motor vehicle.
[1999, chs. 628, 629; 2001, ch. 731, § 1; 2003, ch. 21, § 6; 2004, ch. 25.]