Colorado § 10-4-1701 Definitions

Colorado Statutes

§ 10-4-1701 — Definitions

Colorado·Title 10 Insurance·Art. Property and Casualty Insurance

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 permit

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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 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.

Colorado § 10-4-1701 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.