Louisiana Revised Statutes 45:173 – Contract carriers; liability policy or bond required
Terms Used In Louisiana Revised Statutes 45:173
- Commission: means the Louisiana Public Service Commission. See Louisiana Revised Statutes 45:162
- Contract: A legal written agreement that becomes binding when signed.
- Contract carrier by bus: means any person transporting persons intrastate for hire, charge, or compensation over any highway of this state using a bus as defined in La. See Louisiana Revised Statutes 45:162
- Person: includes a body of persons, whether incorporated or not. See Louisiana Revised Statutes 45:162
Every motor carrier, as defined in La. Rev. Stat. 45:162(10), not exempted by La. Rev. Stat. 45:177, using the highways shall file with the Louisiana Public Service Commission, a liability insurance policy or bond satisfactory to the commission of a company authorized to do business in this state. For contract carriers of passengers, other than a contract carrier by bus, the policy or bond shall be not less than five thousand dollars for the death or injury to any one person and thirty thousand dollars total liability for any one accident, and for contract carriers of property the policy or bond shall be not less than five thousand dollars for the death or injury to any one person and ten thousand dollars total liability for any one accident.
Acts 1995, No. 301, §2, eff. June 15, 1995; Acts 1999, No. 631, §2.