Section 10-4-1701 - Definitions

As used in this part 17, unless the context otherwise requires:(1) 'Business entity' includes an individual working for or acting on behalf of the self-storage retailer.(2) 'Insurer' means an admitted company or authorized company, as defined in section 10-1-102(3), approved to transact insurance in this state.(3) 'Occupant' means a person or his or her lessee, successor, or assignee entitled to the use of a self-storage space at a self-service storage facility, to the exclusion of others, under a self-storage rental agreement.(4) 'Offer and disseminate' means to provide general information about self-storage insurance, including a description of the coverage and price, as well as processing the application, collecting premiums, and performing other nonlicenseable activities permitted by the state.(5) 'Self-service storage facility' means real property designed and used for the sole purpose of renting or leasing individual storage space to occupants who are given access to a self-storage space for the sole purpose of storing and removing personal property.(6) 'Self-storage insurance' means insurance coverage for property loss incidental to the rental of a self-storage space at a

rage space for the sole purpose of storing and removing personal property.(6) 'Self-storage insurance' means insurance coverage for property loss incidental to the rental of a self-storage space at a self-service storage facility.(7) 'Self-storage rental agreement' means a written agreement setting forth the terms and conditions governing the use of a self-storage space provided by a self-service storage facility for rent or lease.(8) 'Self-storage retailer' means a business entity that rents self-storage units and may offer and disseminate self-storage insurance as a service to its customers on behalf of and under the direction of a supervising entity.(9) 'Self-storage space' means a designated storage unit or other designated space at a self-service storage facility.(10) 'Supervising entity' means a business entity or person that is a limited line producer, as that term is defined in section 10-2-103 (7.3), authorized by an insurer to supervise a self-storage retailer.Added by 2017 Ch. 368,§ 1, eff. 8/9/2017.L. 2017: Entire part added, (HB 17-1263), ch. 368, p. 1914, § 1, effective August 9.