Current through the 2023 Regular Session
Section 33-24-304 - Brochures and materials explaining self-storage coverage(1) At each location where self-storage insurance coverage is offered to renters, written or electronic brochures or materials must be made available to renters that: (a) disclose that self-storage insurance may provide a duplication of coverage already provided by a renter's homeowner's insurance policy, renter's insurance policy, or other source of coverage;(b) state that the enrollment by the renter in a self-storage insurance program offered by the operator is not required in order to rent a leased space at the self-storage facility;(c) provide a copy of the actual self-storage insurance coverage, or summarize the material terms of the insurance coverage, including: (i) the identity of the insurer;(ii) the identity of the supervising entity, if different from the insurer;(iii) the amount of any applicable deductible and how it is to be met;(iv) benefits of the coverage; and(v) key terms and conditions of the coverage;(d) summarize the process for filing a claim; and(e) state that a renter that purchases self-storage insurance coverage may cancel the coverage at any time and that the person paying the premium must receive a refund of any applicable unearned premium.(2) The written or electronic brochures or materials required by this section are not subject to filing with or approval by the commissioner.Added by Laws 2021, Ch. 121,Sec. 4, eff. 10/1/2021.