PARRIS N. GLENDENING, Governor

Ch. 361

subsection by maintaining [an insurance policy] REQUIRED SECURITY that is excess to
any other [insurance policy] VALID AND COLLECTIBLE COVERAGE and that extends
coverage to the owner's vehicle IN AMOUNTS REQUIRED UNDER § 17-103(B) OF THIS
ARTICLE while it is used as a [replacement] RENTAL vehicle.

(iii) If an owner of a [replacement] RENTAL vehicle provides coverage
as provided under subparagraph (ii) of this paragraph, 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] AT LEAST 10 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] RENTAL vehicle is excess only.

(b) Notwithstanding any provision of the rental agreement to the contrary, the
security required under this section shall cover the owner of the vehicle and each person
driving or using the vehicle with the permission of the owner [or lessee] .

(c) If the Administration finds that the vehicle owner has failed or is unable to
maintain the required security, the Administration shall suspend the registration of the
vehicle.

Article - Insurance

19-506.

(a) (1) If the first named insured does not wish to obtain the benefits described
in § 19-505 of this subtitle, the first named insured shall make an affirmative written
waiver of those benefits.

(2) If the first named insured does not make an affirmative written waiver
under this section, the insurer shall provide the coverage described in § 19-505 of this
subtitle.

(b) (1) As to a private passenger motor vehicle liability insurance policy, a A
waiver made under this section constitutes a waiver of all the benefits described in §
19-505 of this subtitle, whether provided under:

(I) the first named insured's policy [or];

(II) any other private passenger motor vehicle liability insurance policy
issued in the State;

(III) A VEHICLE LIABILITY INSURANCE POLICY ISSUED IN THE
STATE TO AN OWNER OF RENTAL VEHICLES; OR

(IV) (III) ANOTHER FORM OF SECURITY USED IN PLACE OF A
MOTOR VEHICLE LIABILITY INSURANCE POLICY BY AN OWNER OF RENTAL
VEHICLES AS AUTHORIZED UNDER § 17-103 OF THE TRANSPORTATION ARTICLE

(2) Subject to paragraph (3) of this subsection, a waiver made under this
section is binding on the following individuals covered by the policy:

(i) each named insured;

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