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 these vehicles must provide coverage of at least two hundred fifty thousand dollars for injury or death to any one person, not exceeding five hundred thousand dollars per occurrence, and increases property damage coverage from ten thousand to twenty-five thousand dollars.

Additionally, the bill specifies that tow trucks or wreckers must have a minimum coverage of five hundred thousand dollars combined single limits, while trucks transporting waste must carry at least seven hundred fifty thousand dollars combined single limits coverage. 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to enhance safety and financial responsibility among carriers by updating insurance requirements while removing the outdated C.O.D. bond requirement.

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