New York Insurance Code § 2131

Limited license for rental vehicle companies, wireless communications equipment vendors and self-service storage companies
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* § 2131. Limited license for rental vehicle companies, wireless\ncommunications equipment vendors and self-service storage companies. (a)\nThe superintendent may issue to a rental vehicle company, a wireless\ncommunications equipment vendor, a self-service storage company or to a\nfranchisee of a rental vehicle company, a wireless communications\nequipment vendor, or a self-service storage company which has complied\nwith the requirements of this section, a limited license authorizing the\nlicensee, known as a "limited licensee" for the purpose of this article,\nto act as agent, with reference to the kinds of insurance specified in\nthis section, of any insurer authorized to write such kinds of insurance\nin this state.\n  (b) The prerequisites for issuance of a limited license under this\nsection shall be the filing with the superintendent of the following:\n  (1) an application, signed by an officer of the applicant, for the\nlimited license in such form or forms, and supplements thereto, and\ncontaining such information, as the superintendent may prescribe; and\n  (2) an appointment of a limited licensee by the appointing insurer, in\na format approved by the superintendent, no more than fifteen days after\nthe date the agency contract is executed or the first insurance contract\nis submitted, whichever is later, stating that it has satisfied itself\nthat the named applicant is trustworthy and competent to act as its\ninsurance agent for this limited purpose and that the insurer will\nappoint such applicant to act as the agent in reference to the doing of\nsuch kind or kinds of insurance which are permitted by this section, if\nthe limited license applied for is issued by the superintendent. Such\nappointment shall be subscribed by an officer or managing agent of such\ninsurer and affirmed as true under the penalties of perjury.\n  (c) In the event that any provision of this chapter is violated, the\nsuperintendent may:\n  (1) revoke or suspend a limited license issued under this section in\naccordance with the provisions of section two thousand one hundred ten\nof this article; or\n  (2) after notice and hearing impose such other penalties, including\nsuspending the transaction of insurance at specific locations where\nviolations of this article have occurred, as the superintendent deems\nnecessary or convenient to carry out the purposes of this section.\n  (d) The rental vehicle company, wireless communications equipment\nvendor, or self-service storage company, or franchisee licensed pursuant\nto subsection (a) of this section may act as agent for an authorized\ninsurer only in connection with the rental of motor vehicles, the sale\nor offering for sale of wireless communications equipment, or the rental\nof storage space, respectively, and only with respect to the following\nkinds of insurance:\n  (1) with respect to rental vehicle companies:\n  (A) excess liability insurance that provides coverage to the rental\ncar company or franchisee and renters and other authorized drivers of\nrental vehicles, in excess of the standard liability limits provided by\nthe rental vehicle company in its rental agreement, for liability\narising from the negligent operation of the rental vehicle;\n  (B) accident and health insurance that provides coverage to renters\nand other vehicle occupants, in excess to the standard first party\nbenefits provided pursuant to article fifty-one of this chapter, for\naccidental death and/or dismemberment and for medical expenses resulting\nfrom an accident that occurs during the rental period;\n  (C) personal effects insurance that provides coverage to renters and\nother vehicle occupants for the loss of, or damage to, personal effects\nthat occurs during the rental period;\n  (D) any other coverage which the superintendent may approve as\nmeaningful and appropriate in connection with the rental of motor\nvehicles; or\n  (2) with respect to wireless communications equipment vendors,\ninsurance issued 

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