Senate Bill No. 322–Senator Shaffer (by request)

 

CHAPTER..........

 

AN ACT relating to motor carriers; revising provisions relating to self-insurance for taxicabs regulated by the Taxicab Authority; 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 706.8828 is hereby amended to read as

follows:

    706.8828  1.  [A] Except as otherwise provided in subsection

4, a certificate holder shall file with the Administrator, and keep in

effect at all times, a policy of insurance with an insurance company

licensed to do business in the State of Nevada.

    2.  The insurance policy specified in subsection 1 must:

    (a) Provide the following coverage:

 

For injury to one person in any one accident.. $100,000

For injury to two or more persons in any one

accident............................................ 300,000

For property damage in any one accident10,000

 

    (b) Contain a clause which states substantially that the insurance

carrier may only cancel the policy upon 30 days’ written notice to

the certificate holder and Administrator; and

    (c) Contain such other provisions concerning notice as may be

required by law to be given to the certificate holder.

    3.  If an insurance policy is cancelled, the certificate holder

shall not operate or cause to be operated any taxicab that was

covered by the policy until other insurance is furnished.

    4.  A certificate holder to whom the Department of Motor

Vehicles has issued a certificate of self-insurance may self-insure

[the first $50,000, combined single-limit, per accident, of] the

coverage required by subsection 2.

    Sec. 2.  This act becomes effective upon passage and approval.

 

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