Ga. Comp. R. & Regs. R. 515-16-15-.09 - Public Liability and Property Damage Insurance
(1) A wrecker
service issued a permit to conduct nonconsensual towing must maintain a
commercial insurance policy or policies with the minimum liability insurance
coverages prescribed by the Commission and the Federal Motor Carrier Safety
Administration on all vehicles used in its business in intrastate commerce as
follows:
(a) Intrastate (origin and
destination wholly within the state)
(b) Public Liability and Property Damage
Insurance limits as set forth below:
1.
$100,000 limit for bodily injury to or death of one person
2. $300,000 limit for bodily injuries to or
death of total persons in one accident
3. $50,000 loss or damage in any one accident
to property of others
(2) Garage Keeper's Legal Liability:
(a) Liability insurance, which covers stored
vehicles and contents, must be maintained on the impound or storage lot(s)
sufficient to cover the actual value of all stored vehicles towed or removed to
such lot or storage facility under O.C.G.A. ยง
44-1-13. The minimum amount of
garage keeper's or storage liability insurance for coverage of the stored
vehicles and contents must be at least $50,000.00.
(3) A copy of the Certificates of Insurance
must be furnished to the Commission on an annual basis. A 30-day advance
cancellation notice must be provided to the Commission prior to any such
insurance cancellation becoming effective. Insurance filings with the
Commission must be on current forms prescribed by the Commission. No lapse in
insurance coverage will be allowed.
(4) A permit issued by the Commission is in
effect only while the wrecker service is in the vehicle or vehicles to be towed
compliance with all requirements for filing proof of insurance.
Notes
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