§ 39-14.1-7 - Proof of financial responsibility.
SECTION 39-14.1-7
§ 39-14.1-7 Proof of financialresponsibility. – The owner of any public motor vehicle, operating under this section, shall filewith the division of public utilities and carriers a certificate of insuranceissued by an insurance company authorized to transact business in this state,showing that the owner has a policy insuring the public motor vehicle companyagainst liability for injury to persons and damage to property which may becaused by the operation of the public motor vehicle, this policy to provide forthe indemnity in the sum of not less than one million five hundred thousanddollars ($1,500,000) for personal injury and indemnity of not less than onehundred thousand dollars ($100,000) for damage to property.