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Session Laws, 1999
Volume 796, Page 3514   View pdf image
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(B) A SPECIAL RESTRICTED CERTIFICATE OF QUALIFICATION ISSUED UNDER
THIS SUBTITLE SHALL ALSO AUTHORIZE ANY SALARIED OR HOURLY EMPLOYEE OF
THE MOTOR VEHICLE RENTAL COMPANY WHO IS TRAINED, UNDER § 10-604(A)(4) OF
THIS SUBTITLE, TO ACT ON BEHALF OF, AND UNDER THE SUPERVISION OF, A MOTOR
VEHICLE RENTAL COMPANY, WITH RESPECT TO THE KINDS OF INSURANCE
SPECIFIED IN § 10-604(B)(2) OF THIS SUBTITLE.

(C) THE ACTS OF AN EMPLOYEE OFFERING OR SELLING INSURANCE
COVERAGE ON BEHALF OF A MOTOR VEHICLE RENTAL COMPANY SHALL BE DEEMED
THE ACTS OF THE MOTOR VEHICLE RENTAL COMPANY FOR THE PURPOSES OF THIS
SUBTITLE.

(D) A MOTOR VEHICLE RENTAL COMPANY HOLDING A SPECIAL RESTRICTED
CERTIFICATE OF QUALIFICATION ISSUED UNDER THIS SUBTITLE IS NOT REQUIRED
TO TREAT PREMIUMS COLLECTED FROM A RENTER THAT PURCHASED INSURANCE
FROM THE MOTOR VEHICLE RENTAL COMPANY AS FUNDS RECEIVED IN A FIDUCIARY
CAPACITY IF:

(1) THE INSURER REPRESENTED BY THE MOTOR VEHICLE RENTAL
COMPANY HAS CONSENTED IN A WRITTEN AGREEMENT. SIGNED BY AN OFFICER OF
THE INSURER THAT THE PREMIUMS DO NOT NEED TO BE SEGREGATED FROM OTHER
FUNDS RECEIVED BY THE MOTOR VEHICLE RENTAL COMPANY IN CONNECTION WITH
THE VEHICLE RENTAL; AND

(2) THE CHARGES FOR INSURANCE COVERAGE ARE ITEMIZED BUT NOT
BILLED TO THE RENTER SEPARATELY FROM THE CHARGES FOR THE VEHICLE
RENTAL.

10-603.

(A) THE COMMISSIONER SHALL ISSUE TO A MOTOR VEHICLE RENTAL
COMPANY, OR A FRANCHISEE OF A MOTOR VEHICLE RENTAL COMPANY, A SPECIAL
RESTRICTED CERTIFICATE OF QUALIFICATION AUTHORIZING THE MOTOR VEHICLE
RENTAL COMPANY TO OFFER OR SELL INSURANCE IN CONNECTION WITH, AND
INCIDENTAL TO, THE RENTAL OF A VEHICLE IF THE MOTOR VEHICLE RENTAL
COMPANY:

(1) MEETS THE REQUIREMENTS OF § 10-604 OF THIS SUBTITLE;

(2) PAYS THE FEES FOR AGENTS REQUIRED UNDER § 2-112 OF THIS
ARTICLE THAT ARE APPLICABLE TO A CERTIFICATE OF QUALIFICATION; AND

(3) SUBMITS TO THE COMMISSIONER ANY ADDITIONAL INFORMATION
OR DOCUMENTATION THAT THE COMMISSIONER REQUIRES, INCLUDING ANY
INFORMATION OR DOCUMENTATION TO DETERMINE THE PROFESSIONAL
COMPETENCE, GOOD CHARACTER AND TRUSTWORTHINESS OF THE MOTOR VEHICLE
RENTAL COMPANY.

(B) A SPECIAL RESTRICTED CERTIFICATE OF QUALIFICATION ISSUED UNDER
THIS SUBTITLE IS SUBJECT TO THE SAME TERM AND RENEWAL CONDITIONS
SPECIFIED FOR A CERTIFICATE OF QUALIFICATION UNDER § 10-115 OF THIS TITLE.

 

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Session Laws, 1999
Volume 796, Page 3514   View pdf image
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