South Carolina § 58-23-910 Insurance, bond, or certificate of self-insurance required of certificate holders generally.

South Carolina Statutes

§ 58-23-910 — Insurance, bond, or certificate of self-insurance required of certificate holders generally.

South Carolina·Title 58 PUBLIC UTILITIES, SERVICES AND CARRIERS·Ch. 23 MOTOR VEHICLE CARRIERS

Prior to the issuance of the certificate, the motor carrier shall procure and file with the Office of Regulatory Staff either liability and property damage insurance, a surety bond with some casualty or surety company authorized to do business in this State, or a certificate of self-insurance as provided by Section 56-9-60 on all motor vehicles to be used in the service in that amount as the commission may determine, insuring or indemnifying passengers or cargo and the public receiving personal injury by reason of any act of negligence and for damage to property of any person other than the assured. The policy, bond, or certificate of self-insurance must contain those conditions, provisions, and limitations as the commission may prescribe and must be kept in full force and effect and failu

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Prior to the issuance of the certificate, the motor carrier shall procure and file with the Office of Regulatory Staff either liability and property damage insurance, a surety bond with some casualty or surety company authorized to do business in this State, or a certificate of self-insurance as provided by Section 56-9-60 on all motor vehicles to be used in the service in that amount as the commission may determine, insuring or indemnifying passengers or cargo and the public receiving personal injury by reason of any act of negligence and for damage to property of any person other than the assured. The policy, bond, or certificate of self-insurance must contain those conditions, provisions, and limitations as the commission may prescribe and must be kept in full force and effect and failure to do so is cause for the revocation of the certificate.

South Carolina § 58-23-910 (Insurance, bond, or certificate of self-insurance required of certificate holders generally.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

HISTORY: 1962 Code SECTION 58-1481; 1952 Code SECTION 58-1481; 1942 Code SECTION 8511; 1932 Code SECTION 8511; 1925 (34) 252; 1930 (36) 1327; 1931 (37) 145; 1935 (39) 25; 1944 (43) 1343; 1988 Act No. 525, SECTION 1, eff May 18, 1988; 2006 Act No. 318, SECTION 152, eff May 24, 2006; 2022 Act No. 214 (S.1045), SECTION 17, eff May 23, 2022. Editor's Note 2022 Act No. 214, SECTION 25, provides as follows: "SECTION 25. The Public Service Commission must make information readily available so that the general public can easily access information regarding the requirements in Articles 3 and 9 in Chapter 23, Title 58. This includes, but is not limited to, the commission posting on its website information regarding the following: list of certified companies, maximum rates, insurance, and complaint resolution." Effect of Amendment 2022 Act No. 214, SECTION 17, in the first sentence, substituted "Prior to the issuance of the certificate, the motor carrier shall" for "The commission shall, in ordering the issuance of a certificate, require the applicant to".