WASHINGTON–The National Conference of Insurance Legislators has adopted a model law that states can use to require rental car companies to make certain disclosures to consumers prior to offering collision insurance for a rental vehicle.
Adopted Friday by the property-casualty insurance component of NCOIL, the model statute mirrors current Michigan law and is being supported by the primary property-casualty industry trade groups: the American Insurance Association, the Property Casualty Insurers Association of America, and the National Association of Mutual Insurance Companies.
In adopting the Michigan measure as the model, NCOIL rejected several other approaches which had insurers' opposition such as mandating coverage for rental vehicles in automobile policies.
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