Categories of Insurance to be Offered: Requirements

Categories of Insurance to be Offered: Requirements A. The rental company licensed pursuant to subsection (1) of Section 4 of this Regulation may sell, solicit, or negotiate insurance only in connection with an incidental to the rental of vehicles, whether at the rental office, over the internet or by pre-selection of coverage in a master, corporate, individual, or group rental agreement, in any of the following general categories: 1. Personal accident insurance covering the risks of travel, including, but not limited to, accident and health insurance that provides coverage, as applicable, to renters and other rental vehicle occupants for accidental death or dismemberment and reimbursement for medical expenses resulting from an accident that occurs during the rental period; 2. Liability insurance which may include uninsured motorist coverage whether offered separately or in combination with other liability insurance, that provides coverage, as applicable, to renters and other authorized drivers of rental vehicles for liability arisingfrom the operation of the rental vehicle; 3. Personal effects insurance that provides coverage, as applicable, to renters and other vehicle occupants for the loss of, or damage to, personal effects that occurs during the rental period; and 4. Such other motor vehicle related insurance as may be approved by the Commissioner. B. No insurance may be issued by a limited licensee pursuant to this section unless the coverage is placed with a licensed insurer as defined in Miss. Code Ann. § 83-6-1. All rates, disclosures, and policy forms must be approved by the Mississippi Department of Insurance in accordance with Miss. Code Ann. § 83-2-5 prior to use. C. The categories of insurance set forth in this section and governed by this Regulation shall not include a Rental Company's agreement to waive its right of indemnity against a Renter for damages to the rental vehicle.