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United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 24-A, § 3043: Coverage for rental equipment permitted, 2015

A rental company may offer for sale insurance covering loss of or damage to covered rental equipment under a covered rental agreement.

Source excerpt

equipment rentalinsurance policiesrental equipment
Jurisdiction
United States — Maine
Structure
1 provisions
Official identity
Year 2015
Dates
Enacted 2015 · Source version 1 Oct 2025
More statute details
Dates
Enacted 2015 · Source version 1 Oct 2025
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01

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“A rental company may offer for sale insurance covering loss of or damage to covered rental equipment under a covered rental agreement.”

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02

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    Enacted 2015 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

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Source record from legislature.maine.gov · Enacted 2015 · Source version 1 Oct 2025

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Interpretation
§ 3043Coverage for rental equipment permittedInterpretation

Source excerpt

A rental company may offer for sale insurance covering loss of or damage to covered rental equipment under a covered rental agreement.

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. [PL 2015, c. 77, §8 (NEW).] B. "Covered rental equipment" means equipment rented pursuant to a covered rental agreement for personal or household purposes. [PL 2015, c. 77, §8 (NEW).] C. "Rental company" means a person or organization, including a franchisee, in the business of renting equipment to the public. [PL 2015, c. 77, §8 (NEW).] [PL 2015, c. 77, §8 (NEW).] 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. [PL 2015, c. 77, §8 (NEW).]
Section 3043Verify source

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  • 1 Oct 2025 · currentEnglish

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