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SB 408 - Motor Common Carriers - certificate of insurance, lieu of bond

Kemp, Rene' D (3rd)	Meyer von Bremen, Michael S. (12th)

Status Summary	SC:	I&L	HC:	MotV	FR:	02/04/00	LA:	05/01/00	Signed by Governor

First Reader Summary

A bill to be entitled an Act to amend Article 1 of Chapter 7 of Title 46 of the Official Code of Georgia Annotated, relating to motor common carriers, so as to allow filing a certificate of insurance in lieu of a bond for the protection of the public and of passengers and baggage or for the owner or person entitled to recover for loss of or damage to freight; to provide for filing by the insurer and the effect of failure to file any form required by the commission; to repeal conflicting laws; and for other purposes.

SB 408 00                                          LC 22 3883 
 
      SENATE BILL 408 
 
      By: Senators Kemp of the 3rd and Meyer von Bremen of the 12th 
 
 
                        A BILL TO BE ENTITLED 
                               AN ACT 
 
 
  1- 1  To amend Article 1 of Chapter 7 of Title 46 of the Official 
  1- 2  Code of Georgia Annotated, relating to motor common 
  1- 3  carriers, so as to allow filing a certificate of insurance 
  1- 4  in lieu of a bond for the protection of the public and of 
  1- 5  passengers and baggage or for the owner or person entitled 
  1- 6  to recover for loss of or damage to freight; to provide for 
  1- 7  filing by the insurer and the effect of failure to file any 
  1- 8  form required by the commission; to repeal conflicting laws; 
  1- 9  and for other purposes. 
 
  1-10       BE IT ENACTED BY THE GENERAL ASSEMBLY OF GEORGIA: 
 
  1-11                           SECTION 1. 
 
  1-12  Article 1 of Chapter 7 of Title 46 of the Official Code of 
  1-13  Georgia Annotated, relating to motor common carriers, is 
  1-14  amended in Code Section 46-7-12, relating to the requirement 
  1-15  as to obtaining a security bond, indemnity insurance, or 
  1-16  self-insurance, by striking subsection (c) in its entirety, 
  1-17  and inserting in its place the following: 
 
  1-18    "(c) The commission may, in its discretion, allow the 
  1-19    holder of such filing of a certificate or permit to file 
  1-20    of insurance on forms prescribed by the commissioner, in 
  1-21    lieu of such bond, evidencing a policy of indemnity 
  1-22    insurance in some indemnity insurance company authorized 
  1-23    to do business in this state, which policy must 
  1-24    substantially conform to all of the provisions of this 
  1-25    article relating to bonds. Such policy must also be 
  1-26    approved by the commission certificate shall be filed by 
  1-27    the insurer.  The failure to file any form required by the 
  1-28    commission shall not diminish the rights of any person to 
  1-29    pursue an action directly against a motor carrier's 
  1-30    insurer." 
 
  1-31                           SECTION 2. 
 
  1-32  All laws and parts of laws in conflict with this Act are 
  1-33  repealed. 
 
 
 
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