114.40 Disclosure of insurance coverage for renter pilots.
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114.40 Disclosure of insurance coverage for renter pilots.
(1)Definition. In this section, “rental agent” means a person who, on a regular basis and in the ordinary course of business, rents or leases an aircraft to another person.
(2)Required disclosures. Except as provided in sub.
(2m), before entering into an agreement to rent or lease an aircraft to another person, the rental agent shall deliver to the person who seeks to rent or lease the aircraft a written notice of insurance coverage which contains all of the following information and is in substantially the following form: