HRS §431:9A-171
Definitions for stored property insurance rules
This section defines key terms used in the stored property insurance rules. It explains who the commissioner, occupant, owner, and supervising entity are, and what self-service storage facility and stored property insurance mean. These definitions help clarify who is covered and who is responsible under the law.
businesses
The statute, as written — Definitions
For purposes of this part: "Commissioner" means the insurance commissioner as defined in section 431:2-102. "Occupant" has the same meaning as in section 507-61. "Owner" means any business entity that owns or is authorized to manage a self-service storage facility, or to receive rent from an occupant under a rental agreement, and no real estate license is required. "Self-service storage facility" has the same meaning as in section 507-61. "Stored property insurance" means insurance under a group, individual, corporate, commercial, or master policy to provide insurance coverage to occupants of a self-service storage facility for the loss of, or damage to, tangible personal property that is contained in a storage space located at a self-service storage facility or is in transit during the term of a self-service storage facility rental agreement. "Supervising entity" means a business entity that is a licensed insurer or insurance producer that is appointed or authorized by an insurer to supervise the administration of a stored property insurance program.
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