As used in this part 17, unless the context otherwise requires:
(1) Business entity includes an individual working for or acting on behalf of the self-storage retailer.
(2) Insurer means an admitted company or authorized company, as defined in section 10-1-102 (3), approved to transact insurance in this state.
(3) Occupant means a person or his or her lessee, successor, or assignee entitled to the use of a self-storage space at a self-service storage facility, to the exclusion of others, under a self-storage rental agreement.
(4) Offer and disseminate means to provide general information about self-storage insurance, including a description of the coverage and price, as well as processing the application, collecting premiums, and performing other nonlicenseable activities permitted by the state.
(5) Self-service storage facility means real property designed and used for the sole purpose of renting or leasing individual storage space to occupants who are given access to a self-storage space for the sole purpose of storing and removing personal property.
(6) Self-storage insurance means insurance coverage for property loss incidental to the rental of a self-storage space at a self-service storage facility.
(7) Self-storage rental agreement means a written agreement setting forth the terms and conditions governing the use of a self-storage space provided by a self-service storage facility for rent or lease.
(8) Self-storage retailer means a business entity that rents self-storage units and may offer and disseminate self-storage insurance as a service to its customers on behalf of and under the direction of a supervising entity.
(9) Self-storage space means a designated storage unit or other designated space at a self-service storage facility.
(10) Supervising entity means a business entity or person that is a limited line producer, as that term is defined in section 10-2-103 (7.3), authorized by an insurer to supervise a self-storage retailer.
Source: L. 2017: Entire part added, (HB 17-1263), ch. 368, p. 1914, � 1, effective August 9.