77-7-87 - Insurance required of interstate carriers.
§ 77-7-87. Insurance required of interstate carriers.
Each motor carrier holding certificates or permits from and operating under the authority of the Interstate Commerce Commission, in interstate business only, shall file and keep on file with the commission a policy or certificate of insurance, bond or certification of qualification as a self-insurer which complies with the Interstate Commerce Commission's requirements for the single state insurance registration program, conditioned to pay any final judgment against such interstate carrier for personal injury or property damage resulting from or arising out of the use, maintenance or operation of the motor vehicles of such interstate carrier, and suffered by any member of the public, or by the state or any of its subdivisions. However, no interstate carrier shall be required to file insurance or bond conditioned to pay the judgments on claims of its passengers, shippers, or patrons. The minimum amount of the insurance policy, certificate or bond shall be as provided in 49 CFR part 387.
Sources: Codes, 1942, § 7655; Laws, 1938, ch. 142; Laws, 1968, ch. 534; Laws, 1993, ch 561, § 11, eff from and after October 1, 1993.