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Indiana Governor Mike Pence signed a bill giving self-storage operators the ability to collect payment for over-the-counter tenant insurance
Senate Bill 432 offers "sale, solicitation or negotiation" of tenant insurance by self-storage facility operators under a limited lines producer's license

April 30, 2013- The storage operators can receive a small compensation for insurance sales. The insurance provision allows the self-storage operators to offer ancillary insurance plans without a general insurance producer license.


www.insideselfstorage.com reports:

Limited lines laws have already passed in Arkansas and Virginia, and House Bill 980 was recently approved and is expected to be signed into law in Tennessee in a matter of days, according to the national Self Storage Association, which works with state associations to pursue improvements to laws that govern the industry.


Read complete article on www.insideselfstorage.com