Section 338. Notice to renters of safe deposit boxes regarding insurance


Latest version.
  • 1.
      Any  banking  organization  or  safe  deposit  company which offers safe
      deposit boxes for rent shall provide each customer at the time of rental
      with a copy of a safe deposit box rental agreement. Such agreement shall
      include, on its face, or on an attachment thereto a notice in  at  least
      eight point bold type reading as follows:
           Important  Notice:  (1)  The contents of your safe deposit box
           may not be fully protected against loss  under  the  insurance
           coverage  maintained  by the bank or safe deposit company. (2)
           For your protection, you may wish to secure your own insurance
           through an insurance company of your choice.  (3)  You  should
           keep a complete list and description of all property stored in
           your safe deposit box, and any available proof of ownership.
        2.  The  notice  required  under subdivision one of this section shall
      also appear on all subsequent rental bills or attachments thereto.