Compilation of Rules and Regulations of the State of Georgia › Department 515 - RULES OF GEORGIA PUBLIC SERVICE COMMISSION › Chapter 515-16 - TRANSPORTATION › Subject 515-16-11 - MOTOR CARRIER INSURANCE › Rule 515-16-11-.03 - Public Liability and Property Damage Insurance

Current through Rules and Regulations filed through June 27, 2024
(1) No certificate
				or permit shall be issued or continued in operation unless the applicant or
				holder shall give and maintain bond, with adequate security, for the
				protection, in case of passenger vehicles, of the passengers and baggage
				carried and of the public against injury proximately caused by the negligence
				of such motor common or contract carrier, its servants, or its agents. In cases
				of vehicles transporting freight, the applicant or holder shall give bond, with
				adequate security, to secure the owner or person entitled to recover therefore
				against loss or damage to such freight for which the motor common or contract
				carrier may be legally liable and for the protection of the public against
				injuries proximately caused by the negligence of such motor carrier, its
				servants, or its agents.
(2) The
				Commission shall approve, determine, and fix the amount of such bonds and shall
				prescribe the provisions and limitations thereof; and such bonds shall be for
				the benefit of and subject to action thereon by any person who shall sustain
				actionable injury or loss protected thereby.
(3) The Commission may, in its discretion,
				allow the filing of a certificate of insurance on forms prescribed by the
				Commission, in lieu of such bond, evidencing a policy of indemnity insurance in
				some indemnity insurance company authorized to do business in this state, which
				policy must substantially conform to all of the provisions of this article
				relating to bonds. The insurer shall file such certificate. The failure to file
				any form required by the Commission shall not diminish the rights of any person
				to pursue an action directly against a motor carrier's insurer.
(4) It shall be permissible under this rule
				for any person having a cause of action arising under this rule in tort or
				contract to join in the same action the motor carrier and its surety, in the
				event a bond is given. If a policy of indemnity insurance is given in lieu of
				bond, it shall be permissible to join the motor carrier and the insurance
				carrier in the same action, whether arising in tort or contract.
(5) The liability of the insurance or bonding
				company on each motor vehicle for the following minimum limits shall be a
				continuing one notwithstanding any recovery hereunder:
SCHEDULE OF LIMITS
Kind of equipment
Limit for bodily injury to or death
								of one person:
Limit of bodily injuries to or death
								of all persons injured or killed in any one accident (subject to a maximum of
								$100,000 for bodily injuries to or death of one person):
Limit for loss or damage in any one
								accident to property of others (excluding cargo):
Passenger equipment
(seating capacity):
12 passengers or less
Over 12 passengers
$100,000.00
$100,000.00
$300,000.00
$500,000.00
$50,000.00
$50,000.00
Freight equipment:
All motor vehicles used in the transportation of
								property
$100,000.00
$300,000.00
$50,000.00
Authority O.C.G.A.
				  Secs. 46-7-4, 46-7-12, 46-7-12.1, 46-7-16, 46-7-85.3,
				  46-7-85.7.