Senate Bill No. 443-Committee on Transportation

June 4, 1997
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Referred to Committee on Transportation

SUMMARY--Revises provisions governing amount of liability insurance required of motor carriers. (BDR 58-1372)

FISCAL NOTE: Effect on Local Government: No.
Effect on the State or on Industrial Insurance: No.

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

AN ACT relating to motor carriers; revising provisions governing the amount of liability insurance or other surety required of motor carriers; and providing other matters properly relating thereto.

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1 NRS 706.291 is hereby amended to read as follows:
706.291 1. The commission shall require every fully regulated carrier and every operator of a tow car, within such time and in such amounts as the commission may designate, to file with the commission in a form required and approved by the commission a liability insurance policy, or a certificate of insurance in lieu thereof, or a bond of a surety company, or other surety, in such reasonable sum as the commission may deem necessary to protect adequately the interests of the public.
2. The department shall require every other common and contract motor carrier and every private carrier, within such time and in such amounts as the department may designate, to file with the department in a form required and approved by the department a liability insurance policy, or a certificate of insurance in lieu thereof, a bond of a surety company, or other surety, in such reasonable sum as the department may deem necessary to protect adequately the interests of the public.
3. The liability insurance policy or certificate, policy or bond of a surety company or other surety must bind the obligors thereunder to pay the compensation for injuries to persons or for loss or damage to property resulting from the negligent operation of the carrier.
4. The commission and the department may jointly prescribe by regulation the respective amounts and forms required by subsections 1 and 2.
5. In determining the amount of liability insurance or other surety required of a carrier pursuant to this section, the commission and the department shall create a separate category for vehicles with a manufacturer's gross vehicle weight rating of less than 16,000 pounds and impose a lesser requirement with respect to such vehicles.

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