(1)Motor vehicle liability policy,
as used in this article, means a policy of liability insurance issued by an insurance
carrier authorized to transact business in this state to or for the benefit of the
person named therein as insured, which policy shall meet the following
requirements:
(a)The policy of liability insurance shall designate by explicit description or
by appropriate reference all motor vehicles with respect to which coverage is
thereby intended to be granted.
(b)The policy of liability insurance shall insure the person named therein and
any other person using or responsible for the use of said motor vehicle with the
express or implied permission of said insured.
(c)The policy of liability insurance shall insure every such person on account
of the maintenance,
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(1) Motor vehicle liability policy,
as used in this article, means a policy of liability insurance issued by an insurance
carrier authorized to transact business in this state to or for the benefit of the
person named therein as insured, which policy shall meet the following
requirements:
(a) The policy of liability insurance shall designate by explicit description or
by appropriate reference all motor vehicles with respect to which coverage is
thereby intended to be granted.
(b) The policy of liability insurance shall insure the person named therein and
any other person using or responsible for the use of said motor vehicle with the
express or implied permission of said insured.
(c) The policy of liability insurance shall insure every such person on account
of the maintenance, use, or operation of the motor vehicle within the continental
limits of the United States or Canada against loss from the liability imposed by law;
for damages, including damages for care and loss of services arising from such
maintenance, use, or operation to the extent and aggregate amount, exclusive of
interest and costs, with respect to each such motor vehicle, in the amounts
specified in section 42-7-103 (2).
(2) When an operator's policy of liability insurance is required, it shall insure
the person named therein as insured against the liability imposed by law upon the
insured for bodily injury to or death of any person or damage to property to the
amounts and limits set forth in paragraph (c) of subsection (1) of this section and
growing out of the use or operation by the insured within the continental limits of
the United States or Canada of any motor vehicle not owned by the insured.
(3) Any liability policy issued under this section need not cover any liability
of the insured assumed by or imposed upon said insured under any workers'
compensation law nor any liability for damage to property in charge of the insured
or the insured's employees.
(4) Any such policy of liability insurance may grant any lawful coverage in
excess of or in addition to the coverage specified in this section or contain any
agreements, provisions, or stipulations not in conflict with the provisions of this
article and not otherwise contrary to law.
(5) Any motor vehicle liability policy which by endorsement contains the
provisions required under this section shall be sufficient proof of ability to respond
in damages.
(6) The department may accept several policies of one or more such carriers
which together meet the requirements of this section.
(7) Any binder pending the issuance of any policy of liability insurance, which
binder contains or by reference includes the provisions under this section, shall be
sufficient proof of ability to respond in damages.