Rhode Island General Laws 39-14.1-7. Proof of financial responsibility
The owner of any public motor vehicle, operating under this section, shall file with the division of public utilities and carriers a certificate of insurance issued by an insurance company authorized to transact business in this state, showing that the owner has a policy insuring the public motor vehicle company against liability for injury to persons and damage to property that may be caused by the operation of the public motor vehicle, this policy to provide for the indemnity in the sum of not less than one million five hundred thousand dollars ($1,500,000) for personal injury and indemnity of not less than one hundred thousand dollars ($100,000) for damage to property.
History of Section.
P.L. 2002, ch. 182, § 1.
Terms Used In Rhode Island General Laws 39-14.1-7
- Certificate: means a certificate of operating authority issued to a public motor vehicle. See Rhode Island General Laws 39-14.1-1
- Company: means and includes a person, firm, partnership, corporation, quasi-municipal corporation, association, joint-stock association or company, and his, her, its, or their lessees, trustees, or receivers appointed by any court. See Rhode Island General Laws 39-1-2
- Division: means the division of public utilities and carriers. See Rhode Island General Laws 39-14.1-1
- Public motor vehicle: means and includes every motor vehicle for hire, other than a jitney, as defined in § 39-13-1, or a taxicab or limited public motor vehicle, as defined in § 39-14-1, used for transporting members of the general public for compensation in unmarked vehicles at a predetermined or prearranged charge to such points as may be directed by the passenger. See Rhode Island General Laws 39-14.1-1