Section 16-603-30 - Handling of COD shipments and accounting for collections(a) Bond required. Each common or contract carrier of property or passengers that elects to handle C.O.D. shipments shall: (1) Obtain and file with the commission a bond of not less than $3,000 prior to handling any C.O.D. shipment; and(2) Remit to consignor all C.O.D. moneys collected on the shipments no later than ten days after delivery to the consignee, unless consignor instructs otherwise in writing.(b) The bond required by paragraph (a)(1) shall: (1) Be in a form approved by the commission;(2) Be filed by the carrier as principal and by a surety company, authorized to do business in the State, as surety;(3) Be made payable to:(i) The person or persons to whom any amount may be due on a C.O.D. shipment because the shipment was transported by the motor carrier and the amount due was not remitted as required in paragraph (a) (2); or(iii) Both the person or persons described in subparagraph (i) and the State;(4) Specify the extent to which the bond covers the motor carrier's operations. A bond may cover more than one operating authority held by the motor carrier; and(5) Not be canceled on less than thirty days' written notice to the commission(c) When a motor carrier has a bond or bonds on file with the commission under this section and obtains additional operating authority, the bond or bonds shall be revised or reissued to show that the additional operating authority is covered.(d) On reasonable request, the commission will make public the name of the motor carrier's surety company for any bond filed pursuant to this section.(e) Remission of collections. A common or contract carrier of property or passengers that elects to handle C.O.D. shipments shall establish in its tariffs or schedule the following rule or a rule of similar meaning and effect: When handling C.O.D. shipments, this carrier will return all money collected on the shipments to the consignor no later than ten days after delivery to the consignee, unless consignor instructs otherwise in writing.
[Eff 1/1/2019] (Auth: HRS §§ 269-6, 271-9, 271-17) (Imp: HRS §§ 271-9, 271-17)