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164.287 Motor vehicle liability insurance -- Conditions.

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164.287 Motor vehicle liability insurance -- Conditions. Each board of regents or trustees of the public postsecondary educational institutions is <br>authorized to provide for liability and indemnity insurance against the negligence of <br>drivers or operators of motor vehicles or other mobile equipment owned or operated by <br>the board. If the transportation of members of the student bodies is let out under contract, <br>the contract shall require the contractor to carry indemnity or liability insurance against <br>negligence in such amount as the board designates. In either case the indemnity bond or <br>insurance policy shall be issued by some surety or insurance company authorized to <br>transact business in this state, and shall bind the company to pay any final judgment not <br>to exceed the limits of the policy rendered against the insured for loss or damage to <br>property of any student or other person, or death or injury of any student or other person. Effective: May 30, 1997 <br>History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 90, effective May 30, 1997. -- Created 1962 Ky. Acts ch. 59, sec. 1.