§ 46.2-2144. Policies or surety bonds to be filed with the Department and securities with State Treasure...
A. Each motor carrier shall keep on file with the Department proof of an insurance policy or bond in accordance with this article. Record of the policy or bond shall remain in the files of the Department six months after the certificate of public convenience and necessity, registration card, license plate, identification marker or permit is canceled for any cause. If federal, state, or municipal bonds are deposited with the State Treasurer in lieu of an insurance policy, the bonds shall remain deposited until six months after the registration card, license plate, certificate, permit or identification marker is canceled for any cause unless otherwise ordered by the Department.
B. The Department may, without holding a hearing, suspend a permit or certificate of public convenience and necessity if the permittee or certificate holder fails to comply with the requirements of this section.
(2001, c. 596.)
Sections: Previous 46.2-2137 46.2-2138 46.2-2139 46.2-2140 46.2-2141 46.2-2142 46.2-2143 46.2-2144 46.2-2145 46.2-2146 46.2-2147 46.2-2148 46.2-2149 46.2-2150 46.2-2151 NextLast modified: April 3, 2009