California Public Utilities Code 5392 – (a) The protection required under Sections 5391 and 5391.2 shall …
(a) The protection required under Sections 5391 and 5391.2 shall be evidenced by the deposit of any of the following with the commission covering each vehicle used or to be used under the certificate or permit applied for:
(1) A policy of insurance, issued by a company licensed to write insurance in this state, or by nonadmitted insurers subject to § 1763 of the Insurance Code, if the policies meet the rules promulgated therefor by the commission.
Terms Used In California Public Utilities Code 5392
- Commission: means the Public Utilities Commission created by §. See California Public Utilities Code 20
- State: means the State of California, unless applied to the different parts of the United States. See California Public Utilities Code 17
(2) A bond of a surety company licensed to write surety bonds in the state.
(3) Evidence of the qualification of the charter-party carrier of passengers as a self-insurer as may be authorized by the commission.
(b) This section applies only to the driver supplied by a charter-party carrier of passengers engaged in the provision of a hired driver service when a rented motor vehicle is being operated by the hired driver. The requirements of this section do not apply to the separately rented vehicle.
(Amended by Stats. 2010, Ch. 472, Sec. 9. (AB 2572) Effective January 1, 2011.)