Maine LD 329: An Act To Allow Equipment Rental Companies To Sell Equipment Insurance

LD 329 (subjects: INSURANCE , PROPERTY )

Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=329&PID=1456&snum=127


Sponsors | Actions | Bill Text & Amendments | Patterns of Support


Sponsors

Principal Sponsor: Rep. John Picchiotti of Fairfield: (R – District 108) — e-mail | Twitter | Facebook

9 Cosponsors:

Actions

Chamber

Action
2/10/2015 House Committee on Insurance and Financial Services suggested and ordered printed.
The Bill was REFERRED to the Committee on INSURANCE AND FINANCIAL SERVICES.
Sent for concurrence. ORDERED SENT FORTHWITH.
2/12/2015 Senate On motion by Senator Whittemore of Somerset, REFERRED to the Committee on Insurance and Financial Services, in concurrence.
4/28/2015 House Reports READ.
Motion of Representative BECK of Waterville to ACCEPT the Minority Ought Not to Pass Report FAILED.
ROLL CALL NO. 39
(Yeas 71 – Nays 75 – Absent 5 – Excused 0)
Subsequently, on motion of Representative McCABE of Skowhegan, the Majority Ought to Pass as Amended Report was ACCEPTED.
The Bill was READ ONCE.
Committee Amendment “A” (H-80) was READ and ADOPTED.
TOMORROW ASSIGNED FOR SECOND READING.
4/29/2015 House Committee on Bills in the Second Reading Reports no further verbal amendments necessary Representative McLEAN of Gorham, Chair, House of Representatives Report Accepted.

READ the Second Time.
The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment “A” (H-80).
Sent for concurrence. ORDERED SENT FORTHWITH.
4/30/2015 Senate Reports READ
On motion by Senator WHITTEMORE of Somerset Majority Ought to Pass As Amended Report ACCEPTED , in concurrence.
READ ONCE
Committee Amendment “A” (H-80) READ and ADOPTED , in concurrence.
Assigned for Second Reading next Legislative Day
5/5/2015 Senate COMMITTEE ON BILLS IN THE SECOND READING REPORTS NO FURTHER VERBAL AMENDMENTS NECESSARY, Senator Saviello, Senate Chair. REPORT ACCEPTED.
READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment “A” (H-80), in concurrence.
Ordered sent down forthwith.
5/7/2015 House PASSED TO BE ENACTED.
ROLL CALL NO. 60
(Yeas 87 – Nays 54 – Absent 10 – Excused 0)
Sent for concurrence. ORDERED SENT FORTHWITH.
5/12/2015 Senate PASSED TO BE ENACTED, in concurrence.

Bill Text & Amendments

Important Note: The bill text below presents L.D. 329 as originally introduced. L.D. 329 was changed by the legislature through amendment. To understand the impact of this legislation in proper context, be sure to read adopted amendment text, available here: C-A (H-80) .

An Act To Allow Equipment Rental Companies To Sell Equipment Insurance

Be it enacted by the People of the State of Maine as follows:

Sec. 1. 24-A MRSA 3062 is enacted to read:

3062. Coverage for rental equipment permitted

1. Definitions. As used in this section, unless the context otherwise indicates, the following terms have the following meanings.

A. “Covered rental agreement” means a written agreement with a term of 30 continuous days or fewer setting forth the terms and conditions governing the use of covered rental equipment provided by a rental company.
B. “Covered rental equipment” means equipment rented pursuant to a covered rental agreement for personal or household purposes.
C. “Rental company” means a person or organization, including a franchisee, in the business of renting equipment to the public.

2. Coverage for rental equipment permitted. Notwithstanding any other provision of this Title, a rental company may offer for sale an insurance policy insuring against the loss of or damage to covered rental equipment under a covered rental agreement.

SUMMARY

This bill allows a rental company to offer for sale an insurance policy insuring against the loss of or damage to equipment rented for personal or household purposes.

Patterns of Support

Pattern of Cosponsorship by Region:

Pattern of Cosponsorship by Gender:

Pattern of Cosponsorship by Party:

Pattern of Cosponsorship by Campaign Finance Classification:

Note: Maine Clean Elections Act (MCEA) Qualified candidates only accept a small dollar value of initial contributions early in their campaigns, pledge not to accept further campaign contributions from private sources, and receive public funding for their campaigns. MCEA Non-Qualified candidates choose not to obtain public funding and instead are free to accept campaign contributions from individuals, party committees, political action committees and business sources.


This information about LD 329 was last updated on 2016-05-12.
The Open Maine Politics website is in a beta release and results should not be taken as definitive. Please visit the official website of the Maine State Legislature for entirely verifiable information.

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