Existing law prohibits a short-term lessor from requiring the purchase of a waiver of damages, optional insurance or any other optional good or service as a condition for the lease of a passenger car. Existing law further prohibits a short-term lessor from engaging in certain unfair, deceptive or coercive conduct to induce a short-term lessee to purchase a waiver of damages, optional insurance or any other optional good or service. (NRS 482.31565) This bill requires a short-term lessor to require, as a condition for the lease of a passenger car, proof of insurance that satisfies certain minimum insurance coverage requirements. Additionally, this bill authorizes a short-term lessor to sell certain temporary policies of insurance or refer a person to a third-party seller of such insurance. This bill further prohibits a short-term lessor from offering or referring for sale such policies of insurance at a rate exceeding the standard market rate of similar policies of insurance. Finally, this bill provides that the sale of such a policy of insurance by a short-term lessor does not constitute engaging in certain prohibited unfair, deceptive or coercive conduct.

Statutes affected:
As Introduced: 482.313
Reprint 1: 482.31565
As Enrolled: 482.31565
BDR: 482.313