This bill amends R.S. 45:163(D) to remove the requirement for a three thousand dollar C.O.D. bond from common carriers of freight by motor vehicles. It introduces new insurance requirements for trucks transporting specific products, including household goods, salt water used in oil well exploration, and waste. The bill mandates that trucks transporting household goods and salt water must carry public liability and property damage insurance with coverage of $250,000 for injury or death to any one person (not exceeding $500,000 per occurrence) and $25,000 for property damage. Additionally, tow trucks or wreckers must have a minimum coverage of $500,000 combined single limits, while trucks transporting waste must have at least $750,000 combined single limits coverage.

Furthermore, the bill maintains existing insurance requirements for passenger buses, which must have public liability insurance of $250,000 for injury or death to any one person (not exceeding $500,000 per occurrence) and property damage insurance of $25,000. The insurance policies and indemnity bonds must be issued by companies qualified to operate in Louisiana. Overall, the bill aims to enhance safety and financial responsibility among carriers while streamlining certain regulatory requirements.

Statutes affected:
HB879 Original: 45:163(D)(1)
HB879 Engrossed: 45:163(D)
HB879 Enrolled: 45:163(D)
HB879 Act 747: 45:163(D)