§ 205. Rental of aircraft--Notice of insurance coverage--Violations
Oklahoma Statutes AnnotatedTitle 3. Aircraft and Airports
3 Okl.St.Ann. § 205
§ 205. Rental of aircraft--Notice of insurance coverage--Violations
A. Every person who, in the ordinary course of his business, rents an aircraft to another person, shall deliver to that person a written notice stating the nature and extent of insurance coverage provided, if any, for the renter against loss of or damage to the hull of the aircraft, or against liability arising out of the ownership, maintenance or use of the aircraft. Such notice shall contain the name of the person giving the notice, and shall be in substantially the following form:
NOTICE OF INSURANCE COVERAGE
As a renter of aircraft, you are hereby notified that:
Said liability insurance is subject to a deductible amount of $___________.
Such hull damage insurance is subject to a deductible amount of $___________.
(3) Although insurance may be provided for liability and/or hull coverage, the undersigned's insurance carrier has full rights to subrogate against you for any payments it may be required to make on account of any damage or loss arising out of your operation of the aircraft. It is suggested that you carry insurance to protect you to partially or fully cover this possibility.
(Signature of Person or Officer of Company Renting Aircraft) |
Dated ________________, 19______
(Month) (Day) (Year)Delivery of said notice to a renter shall cover all future rentals, unless the insurance coverage set forth in the original notice has been reduced or eliminated.
Credits
Laws 1987, c. 89, § 1, eff. Nov. 1, 1987.
3 Okl. St. Ann. § 205, OK ST T. 3 § 205
Current with emergency effective legislation through Chapter 106 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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