39-16.2 Gas Transporter Financial Responsibility

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CHAPTER 39-16.2GAS TRANSPORTER FINANCIAL RESPONSIBILITY39-16.2-01. Definitions. As used in this chapter:1.&quot;Dealer&quot; means any person in the business of handling liquefied petroleum gas who<br>delivers or sells any liquefied petroleum gas to any retail dealer or user of liquefied<br>petroleum gas.2.&quot;Liquefied petroleum gas&quot; includes any material that is composed predominantly of<br>any of the following hydrocarbons or mixtures of the following hydrocarbons:<br>propane, propylene, butanes (normal butane and isobutane), and butylenes.39-16.2-02.Liquefied petroleum gas transporters - Financial responsibilityrequirements. A dealer who owns or operates a vehicle used for the transportation of liquefied<br>petroleum gas shall maintain motor vehicle liability insurance of:1.At least five million dollars for the transportation of liquefied petroleum gas<br>transported in cargo tanks, portable tanks, or hopper-type vehicles with capacities of<br>three thousand five hundred water gallons [13248.94 liters] or more.2.At least one million dollars for the transportation of liquefied petroleum gas<br>transported in cargo tanks, portable tanks, or hopper-type vehicles with capacities of<br>less than three thousand five hundred water gallons [13248.94 liters].39-16.2-03. Maintenance and certification of financial requirements - Verification.A dealer subject to the financial responsibility requirements of this chapter shall maintain the<br>liability insurance prescribed in section 39-16.2-02 which obligates the dealer to pay<br>compensation for injuries to persons and for loss or damage to property by reason of the<br>ownership, maintenance, or use of the covered vehicle. The director may require dealers subject<br>to the financial responsibility requirements of this chapter to certify the existence of financial<br>responsibility in the form and at the times required by the director. The director may forward the<br>certification to the named insurer to determine if the certification is correct. No civil liability may<br>accrue to the insurer or any of its employees for reports made to the director if the reports are<br>made in good faith based upon the most recent information to the insurer.39-16.2-04.Self-insurance.The director may allow a dealer to fully or partiallyself-insure motor vehicles as required by this chapter if the dealer provides financial data the<br>director requires and the director determines that the financial data demonstrates that the dealer<br>is sufficiently stable and solvent to fully or partially self-insure.The director shall authorizeself-insurance subject to reasonable provisions for the filing of periodic financial statements<br>demonstrating no substantial deterioration of financial stability.39-16.2-05. Penalties. A dealer subject to the financial responsibility requirements ofthis chapter who operates or causes to be operated a motor vehicle in this state without meeting<br>the financial responsibility requirements of this chapter is guilty of a class B misdemeanor. A<br>dealer subject to the financial responsibility requirements of this chapter who operates or causes<br>to be operated a motor vehicle in this state without meeting the financial responsibility<br>requirements of this chapter if the vehicle is involved in an accident is guilty of a class A<br>misdemeanor. The department may refuse to issue the registration for a vehicle or may cancel<br>the registration of a vehicle owned or operated by a person who does not comply with the<br>requirements of this chapter.Page No. 1Document Outlinechapter 39-16.2 gas transporter financial responsibility