31A-22-314. Mandatory coverage.
(1) As used in this section, "owner's or operator's security" has the same meaning as
defined in Section 41-12a-103.
(2) (a) A rental company shall maintain owner's or operator's security meeting the
requirements of Title 41, Chapter 12a, Financial Responsibility of Motor Vehicle Owners and
Operators Act.
(b) Owner's or operator's security maintained by a rental company under Subsection
(2)(a) applies only when there is no other valid or collectible insurance or other form of security
meeting the minimum requirements of Title 41, Chapter 12a, Financial Responsibility of Motor
Vehicle Owners and Operators Act.
(c) If other valid or collectible insurance or other form of security satisfies the minimum
requirements of Title 41, Chapter 12a, Financial Responsibility of Motor Vehicle Owners and
Operators Act, on a loss involving a rental vehicle, a rental company's obligation under Title 41,
Chapter 12a, Financial Responsibility of Motor Vehicle Owners and Operators Act, is satisfied.
(d) When no other valid or collectible insurance or other form of security exists meeting
the minimum requirements of Title 41, Chapter 12a, Financial Responsibility of Motor Vehicle
Owners and Operators Act, a rental company shall provide security meeting the minimum
requirements of Title 41, Chapter 12a, Financial Responsibility of Motor Vehicle Owners and
Operators Act, for losses involving a rental vehicle.
(3) Nothing in this section shall be construed to expand or reduce the liability of a rental
company or to impair a rental company's right to indemnity, contribution, or both.
Amended by Chapter 391, 2007 General Session
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Last revised: Thursday, May 28, 2009