This bill amends R.S. 45:163(D) to update the insurance and indemnity bond requirements for common carriers of freight by motor vehicles. Notably, it eliminates the previous requirement for a three thousand dollar C.O.D. bond. The bill introduces new insurance coverage requirements for trucks transporting specific products, including household goods, salt water used in oil well exploration, and waste. It mandates that trucks transporting waste must carry a minimum of seven hundred fifty thousand dollars in combined single limits coverage, while tow trucks or wreckers must have at least five hundred thousand dollars in coverage.

Additionally, the bill adjusts the coverage amounts for public liability and property damage insurance for passenger carrying vehicles and buses. The coverage for injury or death to any one person is set at two hundred fifty thousand dollars, with a maximum of five hundred thousand dollars per occurrence, while property damage coverage for passenger buses is increased from ten thousand to twenty-five thousand dollars. These changes aim to enhance safety and financial responsibility among carriers operating within the state.

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