Section 8-21-3-19.5 - Aircraft rental; notice of insurance coverage(a) Each person offering an aircraft for rental shall, at the time the aircraft is rented, provide the renter of the aircraft with written notice of the nature and extent of any insurance covering the aircraft as specified in subsection (b).(b) The form of the notice required by subsection (a) must be as follows: NOTICE OF INSURANCE COVERAGE
As a renter of aircraft, you are hereby notified that:
(1) You (are)(are not) (strike phrase not applicable) insured under a policy or policies of insurance provided by the undersigned and providing liability coverage to renters of aircraft. If coverage is provided, it is in the amount of $_____. (a) The above insurance is subject to a deductible amount of $_____.(2) You (are)(are not) (strike phrase not applicable) insured for hull damage to the aircraft. If hull insurance is provided, it is in the amount of $____.(a) The above insurance is subject to a deductible amount of $____.(3) Although insurance may be provided for liability or hull coverage (or both), the undersigned's insurance carrier has full rights to subrogate against you for any payments it may be required to make on account of any damage or loss arising out of your operation of the aircraft. It is suggested that you carry insurance to protect you to partially or fully cover this possibility. _________________________________________ |
(Signature of Person or Officer of |
Company Renting Aircraft) |
| Dated _________________________, 20_________ |
| (Month) | (Day) | (Year) |
I acknowledge receipt of this notice of insurance coverage. |
Dated _________________________, 20_________ |
| (Month) | (Day) | (Year) |
(c) The notice required by this section constitutes a part of a rental agreement, whether written or oral. Each renter must provide written acknowledgment of receipt of the notice.(d) Receipt of notice under this section constitutes notice for a subsequent rental of the same aircraft to the same person unless the amount of insurance coverage has been reduced or eliminated (as specified in the original notice), in which case a new notice is required.(e) A person offering an aircraft for rental shall maintain a copy of the notice provided to each renter for at least three (3) years from the date of the last rental to that renter.(f) A person offering an aircraft for rental who fails to provide notice as required by this section commits a Class A infraction.As added by P.L. 120-1989, SEC.1. Amended by P.L. 2-2005, SEC.28.