Massachusetts S2603 amends car rental liability insurance requirements for lessors.
Massachusetts S2603 modifies the financial security requirements for lessors of motor vehicles. Specifically, it mandates that lessors must maintain a motor vehicle liability policy or bond or deposit equal to the financial requirements imposed on owners or registrants in the commonwealth. This applies unless the lessee or operator holds a valid and collectible liability policy or other form of financial security that meets the minimum requirements.
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