Rule 570-38-7-.11 - Public Liability and Property Damage Insurance(1) A towing and storage firm issued a permit to conduct nonconsensual towing must maintain a commercial insurance policy with the minimum liability insurance coverage prescribed by the Department on all vehicles used in its business in intrastate commerce (origin and destination wholly within the state) as follows: (a) $100,000 limit for bodily injury to or death of one person(b) $300,000 limit for bodily injuries to or death of total persons in one accident(c) $50,000 loss or damage in any one accident to property of others(2) Garage Keeper's Legal Liability: 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 pursuant to O.C.G.A. § 44-1-13. The minimum amount of garage keeper's or storage liability insurance for coverage of the stored vehicles and contents must be $50,000.00.(3) A copy of the Certificates of Insurance must be furnished to the Department on an annual basis. A 30-day advance cancellation notice must be provided to the Department prior to any such insurance cancellation becoming effective. Insurance filings with the Department must be on current forms prescribed by the Department. No lapse in insurance coverage will be allowed.(4) A permit issued by the Department is in effect only while the towing and storage firm is in compliance with all requirements for filing proof of insurance.Ga. Comp. R. & Regs. R. 570-38-7-.11
O.C.G.A. §§ 40-1-54; 44-1-13.
Original Rule entitled "Public Liability and Property Damage Insurance" adopted. F. Apr. 21, 2020; eff. May 11, 2020.