Section 26-A800. GENERAL PROVISIONS

 

800.1Taxicabs shall continue to be subject to the rates of Insurance set forth in § 801.3. The provisions of § 10 of the Compulsory/No-Fault Motor Vehicle Insurance Act of 1982 Amendments Act of 1985, are applicable to taxicab insurance policies.

 

800.2Each company writing or desiring to write public liability and property damage insurance on vehicles for hire in the District shall, as a prerequisite to the approval of the Commissioner, make written application for a certificate of approval upon forms to be furnished by the Department.

 

800.3Each policy form and endorsement shall be submitted in triplicate to the Commissioner for approval.

 

800.4No company shall engage in or conduct the business of insuring or bonding any risk arising out of the operation of any passenger motor vehicle for hire unless the actual management of that company is at all times capable by experience or otherwise of conducting the business in the public interest and in a manner to safeguard the solvency of the company and the interests of its policyholders and creditors.

 

800.5If the Commissioner finds after hearing that the actual management is not capable by experience or otherwise or that the business of the company is not being conducted in a manner as to safeguard its solvency and the interests of its policyholders and creditors or that the provisions of Public Law 85-792, 85th Congress, or these rules have been violated, the certificate of approval may be withdrawn.

 

source

Final Rulemaking published at 35 DCR 7649 (October 21, 1988).