Sec. 14-15-5. Qualifications of leasing company

In order to be authorized to issue temporary registration transfers, a leasing company must meet the following requirements:

(a) The leasing company shall have furnished proof of financial responsibility to the commissioner in accordance with Connecticut General Statutes Section 14-15 in the form of blanket coverage of all vehicles used in conjunction with its business. Proof of financial responsibility with respect to individual vehicles or groups of vehicles leased by the leasing company to a single lessee is not acceptable.

(b) The leasing company shall have and maintain a place of business in this state at which the business of leasing or renting vehicles without drivers is conducted during normal business hours. If such leasing company has more than one such place of business, it shall designate one of such places for the maintenance and storage of records as required by Section 14-15-7 of this regulation, and shall inform the commissioner of such designation.

(Effective February 4, 1992)