Section 205 - Rental of aircraft - Notice of insurance coverage - ViolationsA. Every person who, in the ordinary course of his business, rents an aircraft to another person, shall deliver to that person a written notice stating the nature and extent of insurance coverage provided, if any, for the renter against loss of or damage to the hull of the aircraft, or against liability arising out of the ownership, maintenance or use of the aircraft. Such notice shall contain the name of the person giving the notice, and shall be in substantially the following form: 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 $____________________. Said liability 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 $__________________. Such hull damage insurance is subject to a deductible amount of $___________________.
(3) Although insurance may be provided for liability and/or hull coverage, 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 ____________, 19___
(Month) (Day) (Year)
B. The notice delivered pursuant to subsection A of this section shall constitute a material part of any rental agreement, and each renter shall give written acknowledgment of receipt of such notice. Delivery of said notice to a renter shall cover all future rentals, unless the insurance coverage set forth in the original notice has been reduced or eliminated.
C. Any person convicted of violating any provision of this section shall be guilty of a misdemeanor punishable by a fine of not more than Fifty Dollars ($50.00).Okla. Stat. tit. 3, § 205
Added by Laws 1987, c. 89, § 1, eff. 11/1/1987.