S.C. Code Regs. § § 38-441

Current through Register Vol. 48, 12, December 27, 2024

Section 38-441 - Evidence of Liability Security

1. When Liability Security Required. A motor carrier shall not operate within the borders of South Carolina until there shall have been filed with and accepted by the Department a currently effective certificate of insurance or surety bond evidencing bodily injury and property damage liability security with limits not less than those provided for in 38-414, and there shall have been a compliance with all other requirements of this subarticle.

2. Form and Execution of Certificate and Endorsement. The certificate of insurance shall state that the insurer has issued to such motor carrier a policy of insurance which by endorsement provides automobile bodily injury and property damage liability insurance covering the obligations imposed upon such motor carrier by the provisions of the law of this State and the rules and regulations of the Department. The certificate shall be in the form set forth in Form E. (See Form E in 38-447 Appendix.) The certificate shall be duly completed and executed by such insurer.

3. Evidence of Surety Bond. Motor carriers who post bond in lieu of insurance shall not engage in interstate commerce within the borders of this State unless and until such carriers have filed with and had accepted by this Department a surety bond in the form set forth in Form G. (See Form G in 38-447 Appendix.) The bond shall be duly completed and executed by the surety and principal.

4. Cargo Insurance Not Required. Motor carriers operating in South Carolina pursuant to this subarticle are not required to file evidence of cargo insurance.

S.C. Code Regs. § 38-441

Added by State Register Volume 22, Issue No. 3, eff March 27, 1998.