Section 7602 - Licensure of self-storage providers1.License required. A self-storage provider must obtain a limited lines license under this chapter prior to selling or offering coverage under a policy of self-storage insurance. [2021, c. 676, Pt. A, §42 (NEW).]
2.Authority provided by license. A limited lines license issued under this chapter authorizes any employee or authorized representative of a self-storage provider to sell or offer coverage under a policy of self-storage insurance to a customer at each location at which the self-storage provider engages with a customer or prospective customer. [2021, c. 676, Pt. A, §42 (NEW).]
3.List of locations. In connection with a self-storage provider's application for a license under section 7606 and upon request by the superintendent, the self-storage provider shall provide a list to the superintendent of all locations in this State at which the self-storage provider offers coverage. [2021, c. 676, Pt. A, §42 (NEW).]
4.Activities authorized by license. Notwithstanding any provision of law to the contrary, a license issued pursuant to this chapter authorizes the licensee and its employees or authorized representatives to engage only in those activities that are expressly permitted in this chapter. [2021, c. 676, Pt. A, §42 (NEW).]
Added by 2022, c. 676,§ A-42, eff. 5/2/2022.