Each board of regents or trustees of the public postsecondary educational institutions is authorized to provide for liability and indemnity insurance against the negligence of drivers or operators of motor vehicles or other mobile equipment owned or operated by the board. If the transportation of members of the student bodies is let out under contract, the contract shall require the contractor to carry indemnity or liability insurance against negligence in such amount as the board designates. In either case the indemnity bond or insurance policy shall be issued by some surety or insurance company authorized to transact business in this state, and shall bind the company to pay any final judgment not to exceed the limits of the policy rendered against the insured for loss or damage to property of any student or other person, or death or injury of any student or other person.
Effective: May 30, 1997

Terms Used In Kentucky Statutes 164.287

  • Board of regents: means the governing board of each comprehensive university and the Kentucky Community and Technical College System. See Kentucky Statutes 164.001
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Contract: A legal written agreement that becomes binding when signed.
  • Public: means operated with state support. See Kentucky Statutes 164.001
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 90, effective May 30,
1997. — Created 1962 Ky. Acts ch. 59, sec. 1.

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