Connecticut Considers Self-Service Storage Insurance Licensing Requirements
The Connecticut General Assembly has proposed a bill that would permit owners of self-storage businesses to sell property insurance to their tenants. Under Senate Bill 1037 (the “Bill”), an owner is required to obtain a self-service storage insurance license in order to sell such insurance and the insurance policy must be issued by an insurer that is authorized to write such lines of business in Connecticut. The Bill would not require tenants of self-storage businesses to buy insurance.
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