As used in this part 17, unless the context otherwise requires:

1. (1) Business entity includes an individual working for or acting on behalf of the self-storage retailer.
2. (2) Insurer means an admitted company or authorized company, as defined in section 10-1-102 (3), approved to transact insurance in this state.
3. (3) Occupant means a person or his or her lessee, successor, or assignee entitled to the use of a self-storage space at a self-service storage facility, to the exclusion of others, under a self-storage rental agreement.
4. (4) Offer and disseminate means to provide general information about self-storage insurance, including a description of the coverage and price, as well as processing the application, collecting premiums, and performing other nonlicenseable activities permitted by the state.
5. (5) Self-service storage facility means real property designed and used for the sole purpose of renting or leasing individual storage space to occupants who are given access to a self-storage space for the sole purpose of storing and removing personal property.
6. (6) Self-storage insurance means insurance coverage for property loss incidental to the rental of a self-storage space at a self-service storage facility.
7. (7) Self-storage rental agreement means a written agreement setting forth the terms and conditions governing the use of a self-storage space provided by a self-service storage facility for rent or lease.
8. (8) Self-storage retailer means a business entity that rents self-storage units and may offer and disseminate self-storage insurance as a service to its customers on behalf of and under the direction of a supervising entity.
9. (9) Self-storage space means a designated storage unit or other designated space at a self-service storage facility.
10. (10) Supervising entity means a business entity or person that is a limited line producer, as that term is defined in section 10-2-103 (7.3), authorized by an insurer to supervise a self-storage retailer.

Source: L. 2017: Entire part added, (HB 17-1263), ch. 368, p. 1914, § 1, effective August 9.