§ 251-A — Notice of insurance coverage in aircraft rental agreements

§ 251-a. Notice of insurance coverage in aircraft rental agreements.\nIn addition to the requirements prescribed in section two hundred\nfifty-one of this article relating to liability of an owner of an\naircraft:\n 1. Every person who, in the ordinary course of such person's business,\nrents an aircraft to another person, shall deliver to such renter a\nwritten notice stating the nature and extent of insurance coverage\nprovided, if any, for the renter against loss of or damage to the hull\nof the aircraft, or against liability arising out of the ownership,\nmaintenance or use of the aircraft; such notice shall contain the name\nof the person giving the notice, and shall be in substantially the\nfollowing form:\n NOTICE OF INSURANCE COVERAGE\n As a renter of aircraft, you are hereby notified that:\n (1) You (are) (are not) (strike phrase not applicable) insured under a\npolicy or policies of insurance provided by the undersigned and\nproviding liability coverage to renters of aircraft. If coverage is\nprovided, it is in the following amount or amounts:\n$________________________.\n (a) The above insurance is subject to a deductible amount of\n$____________________.\n (2) You (are) (are not) (strike phrase not applicable) insured for\nhull damage to the aircraft. If hull insurance is provided, it is in the\namount of $________________.\n (a) The above insurance is subject to a\ndeductible amount of $________________.\n (3) Although insurance may be provided for liability and/or hull\ncoverage, the undersigned's insurance carrier has full rights to\nsubrogate against you for any payments it may be required to make on\naccount of any damage or loss arising out of your operation of the\naircraft. It is suggested that you carry insurance to protect you to\npartially or fully cover this possibility.\n _____________________________\n (Signature of Person or Officer\n of Company Renting Aircraft)\nDated_________________, 19_____\n(Month) (Day) (Year)\n 2. The notice delivered pursuant to subdivision one of this section\nshall constitute a material part of any rental agreement, and each\nrenter shall give written acknowledgement of receipt of such notice.\n 3. Delivery of the above notice to a renter shall cover all future\nrentals, unless the insurance coverage set forth in the original notice\nhas been reduced or eliminated.\n 4. Copies of the notices provided for in subdivision one of this\nsection shall be maintained by the owner for a period of three years\nfrom the last date that the renter has rented an aircraft from such\nowner.\n 5. Whoever fails to deliver the notice in accordance with the\nprovisions of subdivision one of this section shall be fined not less\nthan one hundred dollars nor more than five hundred dollars for a first\noffense, and not less than five hundred dollars nor more than one\nthousand dollars for a second or subsequent offense.\n