Louisiana Revised Statutes 22:1762 – Definitions
Terms Used In Louisiana Revised Statutes 22:1762
- Commissioner: means the commissioner of insurance. See Louisiana Revised Statutes 22:1762
- Department: means the Department of Insurance. See Louisiana Revised Statutes 22:1762
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Limited licensee: means a person or entity authorized to sell certain coverages relating to the rental of vehicles pursuant to the provisions of this Part. See Louisiana Revised Statutes 22:1762
- person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 1:10
- Rental agreement: means any written agreement setting forth the terms and conditions governing the use of a vehicle provided by the rental company for rental or lease. See Louisiana Revised Statutes 22:1762
- Rental company: means any person or entity in the business of providing primarily private passenger vehicles to the public under a rental agreement for a period not to exceed ninety days. See Louisiana Revised Statutes 22:1762
As used in this Part, the following words are defined as follows:
(1) “Authorized agent” means an agent or representative authorized by the limited licensee to act individually on behalf, and under the supervision, of the limited licensee to offer or sell insurance in connection with and incidental to the rental of vehicles.
(2) “Commissioner” means the commissioner of insurance.
(3) “Department” means the Department of Insurance.
(4) “Limited licensee” means a person or entity authorized to sell certain coverages relating to the rental of vehicles pursuant to the provisions of this Part.
(5) “Rental agreement” means any written agreement setting forth the terms and conditions governing the use of a vehicle provided by the rental company for rental or lease.
(6) “Rental company” means any person or entity in the business of providing primarily private passenger vehicles to the public under a rental agreement for a period not to exceed ninety days.
(7) “Rental period” means the term of the rental agreement.
(8) “Renter” means any person obtaining the use of a vehicle from a rental company under the terms of a rental agreement for a period not to exceed ninety days.
(9) “Vehicle” or “rental vehicle” means a motor vehicle of the private passenger type including passenger vans, minivans, and sport utility vehicles, and of the cargo type including but not limited to cargo vans, pickup trucks and trucks with a gross vehicle weight of less than twenty-six thousand pounds and which do not require the operator to possess a commercial driver’s license.
Acts 1999, No. 1278, §1, eff. July 12, 1999; Redesignated from La. Rev. Stat. 22:2102 by Acts 2008, No. 415, §1, eff. Jan. 1, 2009; Acts 2016, No. 162, §1.