§ 14-2101. Definitions and form for collision damage waivers
West's Annotated Code of MarylandCommercial LawEffective: October 1, 2020
Effective: October 1, 2020
MD Code, Commercial Law, § 14-2101
§ 14-2101. Definitions and form for collision damage waivers
(ii) With respect to a peer-to-peer car sharing program agreement, a provision in the peer-to-peer car sharing program agreement in which it is agreed, for a charge, that all or part of any claims against a shared vehicle driver for damages to a shared motor vehicle during a car sharing period are waived.
(2) A peer-to-peer car sharing program may not deliver or issue for delivery in the State a peer-to-peer car sharing program agreement containing a collision damage waiver, unless the peer-to-peer car sharing program uses a separate collision damage waiver form provided by the Division that meets the requirements specified in subsection (e) of this section.
“Notice:
This contract offers, for an additional charge, a collision damage waiver to cover your responsibility for damage to the vehicle. Before deciding whether to purchase the collision damage waiver, you may wish to determine whether your own automobile insurance affords you coverage for damage to the rental vehicle or shared motor vehicle and the amount of the deductible under your own insurance coverage. The purchase of this collision damage waiver is not mandatory and may be waived. Maryland law requires that all Maryland residents' insurance policies with collision coverage automatically extend that collision coverage to passenger cars rented or motor vehicles shared by the insureds named in the policy for a period of 30 days or less.”; and
Credits
Added by Acts 1988, c. 268, § 1, eff. Jan. 1, 1989. Amended by Acts 1990, c. 473; Acts 1993, c. 261; Acts 2018, c. 852, § 1, eff. July 1, 2018; Acts 2020, c. 433, § 1, eff. Oct. 1, 2020.
MD Code, Commercial Law, § 14-2101, MD COML § 14-2101
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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