Louisiana Revised Statutes 45:174 – Cancellation of bond or policy
Current as of: 2023 | Check for updates
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Terms Used In Louisiana Revised Statutes 45:174
- Commission: means the Louisiana Public Service Commission. See Louisiana Revised Statutes 45:162
- Contract: A legal written agreement that becomes binding when signed.
- Vehicle: means every device by which any person or property is transported upon the highways of this state, except devices moved by animal power or exclusively upon stationary rails or tracks. See Louisiana Revised Statutes 45:162
The policy or bond provided in La. Rev. Stat. 45:173 shall provide that ten days’ notice in writing shall be given to the commission of intention to cancel the policy or bond. If the policy or bond is cancelled, or in the event it should lapse for any reason, the contract carrier by motor vehicle shall replace the policy or bond with another.