Massachusetts H1301 amends insurance requirements for vehicle leasing companies.

Massachusetts H1301 modifies the insurance requirements for companies leasing motor vehicles or trailers under a "drive-it-yourself" system. The bill specifies that a financial security policy must satisfy the minimum financial requirements imposed on vehicle owners or registrants. It also mandates that lessors provide and maintain a motor vehicle liability policy or bond or deposit up to the minimum financial requirements imposed on owners or registrants.

Massachusetts H1301 amends insurance requirements for vehicle leasing companies.

Massachusetts H1301 modifies the insurance requirements for companies leasing motor vehicles or trailers under a "drive-it-yourself" system. The bill specifies that a financial security policy must satisfy the minimum financial requirements imposed on vehicle owners or registrants. It also mandates that lessors provide and maintain a motor vehicle liability policy or bond or deposit up to the minimum financial requirements imposed on owners or registrants.