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.
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