Ch. 673                                    1996 LAWS OF MARYLAND

(3)     Does not include a lessee under a lease not intended as security; and

(4)     Includes a lessee under a lease intended as a security.
18-101.

(A) In this title[,] THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED.
(B) ["rent"] "RENT' means to rent or lease for a period not exceeding 180 days.
(C) "LEASE" MEANS TO RENT OR LEASE FOR A PERIOD EXCEEDING 180 DAYS.
17-104.

(a)     The Administration may not issue or transfer the registration of a motor
vehicle unless the owner or prospective owner of the vehicle furnishes evidence
satisfactory to the Administration that the required security is in effect.

(b)     The owner of a motor vehicle that is required to be registered in this State
shall maintain the required security for the vehicle during the registration period.

(C) (1) IN THIS SUBSECTION. "REPLACEMENT VEHICLE" MEANS A VEHICLE
THAT IS LOANED BY AN AUTO REPAIR FACILITY OR A DEALER, OR THAT AN
INDIVIDUAL RENTS TEMPORARILY, TO USE WHILE A VEHICLE OWNED BY THE
INDIVIDUAL IS NOT IN USE BECAUSE OF LOSS, AS "LOSS" IS DEFINED IN THAT
INDIVIDUAL'S APPLICABLE PRIVATE PASSENGER AUTOMOBILE INSURANCE POLICY
OR BECAUSE OF BREAKDOWN. REPAIR. SERVICE, DAMAGE, OR THEFT OR DAMAGE.

(2) SUBJECT TO PARAGRAPH (3) OF THIS SUBSECTION. AN OWNER OF A
REPLACEMENT VEHICLE MAY SATISFY THE REQUIREMENT OF SUBSECTION (A) OF
THIS SECTION BY MAINTAINING AN INSURANCE POLICY THAT IS EXCESS TO ANY
OTHER INSURANCE POLICY AND THAT EXTENDS COVERAGE TO THE OWNER'S
VEHICLE WHILE IT IS USED AS A REPLACEMENT VEHICLE.

(3) IF AN OWNER OF A REPLACEMENT VEHICLE PROVIDES COVERAGE
AS PROVIDED UNDER PARAGRAPH (2) OF THIS SUBSECTION. THE AGREEMENT FOR
THE REPLACEMENT VEHICLE TO BE SIGNED BY THE RENTER OR THE INDIVIDUAL
TO WHOM THE VEHICLE IS LOANED SHALL CONTAIN A PROVISION ON THE FACE OF
THE AGREEMENT. IN 12 POINT BOLD TYPE. THAT INFORMS THE INDIVIDUAL THAT
THE COVERAGE ON THE VEHICLE BEING SERVICED OR REPAIRED IS PRIMARY
COVERAGE FOR THE REPLACEMENT VEHICLE AND THE COVERAGE MAINTAINED
BY THE OWNER ON THE REPLACEMENT VEHICLE IS EXCESS ONLY.

18-102.

(a) (1) The Administration may not register any motor vehicle, trailer, or
semitrailer to be rented OR LEASED until the owner, OR IN THE CASE OF A LEASED
VEHICLE, THE LESSOR of the vehicle certifies to the satisfaction of the Administration
that [he] THE OWNER OR LESSOR has security for the vehicle in the same form and
providing for the same minimum benefits as the security required by Title 17 of this
article for motor vehicles.

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