This bill amends R.S. 45:163(D) to eliminate 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 public liability and property damage insurance for trucks transporting household goods and salt water must provide 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, trucks transporting waste must carry a minimum of $750,000 in combined single limits coverage.

The bill also specifies that public liability and property damage insurance for tow trucks or wreckers must provide coverage of at least $500,000 in combined single limits. Furthermore, it maintains the existing coverage requirements for passenger buses, which include $250,000 for injury or death to any one person (not exceeding $500,000 per occurrence) and $25,000 for property damage. All insurance policies and indemnity bonds must be issued by companies qualified to operate in Louisiana.

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