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).]
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.