Offers or Sales of Collision Insurance by Rental Companies

4 CMC § 52007 — under Motor Vehicle Rental Industry Act.

4 CMC § 52007

TITLE 4: ECONOMIC RESOURCES DIVISION 5: BUSINESS REGULATION

§ 52007. Offers or Sales of Collision Insurance by Rental Companies. (a) The provisions in this chapter relating to or otherwise regulating the offer or sale of damage waivers shall apply to the offer or sale of collision insurance by rental companies. (b) For purposes of this chapter, collision insurance means coverage to pay a specified amount to or on behalf of the renter for claims by the rental company relating to loss of or damage to the rented vehicle. The definitions of collision insurance and damage waiver stated in this chapter shall apply only to this chapter. No definition of insurance in this chapter or in any other statute shall be deemed to include damage waiver as defined in this chapter. Source: PL 20-65 § 2 (Sept. 21, 2018), modified. Commission Comment: The Commission changed the capitalization of the section title pursuant to 1 CMC § 3806(f).