Senate Bill No. 322–Senator Shaffer (by request)

 

March 17, 2003

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Referred to Committee on Transportation

 

SUMMARY—Revises provisions relating to self-insurance for taxicabs regulated by Taxicab Authority. (BDR 58‑1157)

 

FISCAL NOTE:  Effect on Local Government: No.

                           Effect on the State: No.

 

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EXPLANATION – Matter in bolded italics is new; matter between brackets [omitted material] is material to be omitted.

 

AN ACT relating to motor carriers; revising provisions relating to self-insurance for taxicabs regulated by Taxicab Authority; eliminating the option of partial self-insurance for such taxicabs; and providing other matters properly relating thereto.

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

 

1-1  Section 1. NRS 706.8828 is hereby amended to read as

1-2  follows:

1-3  706.8828  1.  A certificate holder shall file with the

1-4  Administrator, and keep in effect at all times, a policy of insurance

1-5  with an insurance company licensed to do business in the State of

1-6  Nevada.

1-7  2.  The insurance policy specified in subsection 1 must:

1-8  (a) Provide the following coverage:

 

1-9  For injury to one person in any one accident$100,000

1-10  For injury to two or more persons in any one

1-11  accident........................................ 300,000

1-12  For property damage in any one accident10,000

 

2-1  (b) Contain a clause which states substantially that the insurance

2-2  carrier may only cancel the policy upon 30 days’ written notice to

2-3  the certificate holder and Administrator; and

2-4  (c) Contain such other provisions concerning notice as may be

2-5  required by law to be given to the certificate holder.

2-6  3.  If an insurance policy is cancelled, the certificate holder

2-7  shall not operate or cause to be operated any taxicab that was

2-8  covered by the policy until other insurance is furnished.

2-9  [4.  A certificate holder to whom the Department of Motor

2-10  Vehicles has issued a certificate of self-insurance may self-insure

2-11  the first $50,000, combined single-limit, per accident, of the

2-12  coverage required by subsection 2.]

 

2-13  H