Essential Guidelines for Renting Aircraft in Oklahoma
Hello, I’m OKC business attorney Dillan Savage of Wirth Law Office, and I practice primarily in the Oklahoma City, Oklahoma area. Today we’re going to be talking about rentals of aircraft in the state of Oklahoma. This specific line of law is actually going to apply not only to individuals renting aircraft, but also to business owners and individuals in the business of renting out aircraft.
Whenever an aircraft is rented, the business itself is required to give a written notice to the individual renting the aircraft about the nature and extent of the insurance coverage on the aircraft. That is going to include the hull coverage, the liability insurance, and anything else related to damage to the aircraft itself, as well as liability for the use and maintenance of the aircraft, among other things.
Key Requirements for Insurance Notices
The notice must include the name of the person giving the notice, and it must have a written confirmation of receipt by the individual receiving the notice. There is actually a form sheet on Oklahoma statutory authority in the statute itself, and that statute can be found in Title III, Section 205. If you are in the business of renting out aircraft, it would be to your benefit to look up this statute and use the form provided by Oklahoma law.
If a person is convicted of violating this provision, you can be found guilty of a misdemeanor and punished by a fine of not more than $50. It is still something that will go on your record, so try to avoid it. It is very easy to avoid getting a misdemeanor of this variety. In fact, they even provide the form for you.
Conclusion and Resources
If you found this video to be helpful or you believe it could help someone else, please go to theoklahomacityattorney.com.
Get a Low-Cost Consultation
If you have questions regarding aircraft rentals and insurance requirements, consider reaching out. For a low-cost consultation, call the Oklahoma City attorney Dillan Savage at 405-888-5400 today!
