La. Admin. Code tit. 55 § I-1915

Current through Register Vol. 50, No. 9, September 20, 2024

Section I-1915 - Insurance Requirements; Financial Responsibility

A. Required Insurance

1. A tow truck owner or operator shall maintain insurance coverage as prescribed by law. Insurance policies shall be in the name of the tow truck owner or operator, with proper limits of liability and shall remain in effect at all times. The types of required insurance coverage are outlined below:

a. worker's compensation and employer's liability insurance, if applicable;

b. automobile liability coverage in an amount of not less than $300,000 combined single limits coverage;

c. garage keeper's legal liability insurance in an amount not less than $50,000;

d. garage liability insurance in an amount of not less than $50,000;

e. on-hook coverage in an amount of not less than $25,000.

2. Proof of financial responsibility satisfactory to the Office of Motor Vehicles or certificates of insurance issued by an insurer licensed to do business in the state of Louisiana or a federally authorized insurance group licensed in their state of domicile and attesting to carriage with coverage in the amounts herein below listed shall be submitted with the application (R.S. 32:1717 B).

B. Insurance Certificates

1. Insurance certificates shall contain:

a. all information required by law;

b. all information required by the Commissioner of Insurance of the State of Louisiana;

c. effective and expiration dates, types and amounts of coverage;

d. the Vehicle Identification Numbers (VIN) of vehicles insured;

e. the mailing address and physical address of the tow truck owner or operator.

2. Insurance policies shall not be canceled or materially altered except after providing the department 20 days written notice of such cancellation or alteration.

C. Proof of Required Insurances

1. Insurance certificates containing all required information shall be kept at all times in each tow truck and at the place of business of the towing and storage entity available for inspection by officers of the department.

2. The tow truck, towing facility or storage facility owner or operator shall submit proof of insurance to the department immediately upon demand.

3. Certificates of required insurances as provided by this Chapter shall verify in writing limits of liability coverage.

La. Admin. Code tit. 55, § I-1915

Promulgated by the Department of Public Safety and Corrections, Office of the State Police, LR 32:857 (May 2006).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:1714.