§ 119-56. Registration of dealers; liability insurance or substitute required.
§ 119‑56. Registrationof dealers; liability insurance or substitute required.
A person shall not holdhimself out or commence operation as a dealer without first having registeredas provided in this section. A dealer shall register with the Commissioner on aform to be furnished by the Commissioner. Such form shall give the name andaddress of the dealer, the place or places of and type or types of business ofsuch dealer, and such other pertinent information as the Commissioner may deemnecessary. Verification of the insurance coverage required by this section orof proof of alternative means of financial responsibility permitted by thissection shall be submitted to the Commissioner as a condition of the issuanceof any registration or renewal of such registration.
There shall be two classes ofdealers:
(1) A Class A dealer isone who engages in the transportation of liquefied petroleum gas.
(2) A Class B dealer isone who does not engage in the transportation of liquefied petroleum gas.
A Class A dealer shall obtainand maintain general liability insurance, including product liability, of onemillion dollars ($1,000,000) and motor vehicle liability insurance of onemillion dollars ($1,000,000) combined single limit. A Class B dealer shallobtain and maintain general liability insurance, including product liability,of one hundred thousand dollars ($100,000). Verification of said insurancecoverage shall be made in a manner satisfactory to the Commissioner. TheCommissioner may from time to time request in writing that a dealer providewithin 10 days of such request verification of said insurance coverage or proofof alternative means of financial responsibility. In lieu of insurance, thedealer may file and maintain a bond, certificate of deposit or irrevocableletter of credit in a form satisfactory to the Commissioner which providesprotection for the public in the same amounts and to the same extent as saidinsurance.
The provisions of this sectionshall not apply to a dealer who retails liquefied petroleum gas in containersof less than 50 pounds water capacity and which retailing does not involve thefilling or transportation of such containers. (1955, c. 487; 1961, c. 1072; 1981, c. 486, s. 1;1987, c. 453; 2009‑386, s. 1.)