Section 31-905. INSURANCE COMPANIES

 

905.1No insurance company or corporate surety shall engage in or conduct the business of insuring or bonding any risk arising out of the operation of a taxicab or public vehicle for hire unless the company is authorized to do business in the District and possesses a certificate of approval issued by the Commissioner of the Department of Insurance, Securities, and Banking.

 

905.2Each insurance company or corporate surety insuring or bonding any risk arising out of the operation of a taxicab or public vehicle for hire shall comply with the rules and regulations pertaining to insurance companies promulgated by the Commissioner of the Department of Insurance, Securities, and Banking and published in chapter 37 (Captive Insurance Companies) of subtitle 26 (Insurance) of title 26 (Insurance, Securities and Banking) the DCMR.

 

authority

The District of Columbia Taxicab Commission (Commission), pursuant to the authority set forth D.C. Official Code § 47-2829 (b), (d), (e-1) and (i) (2005 Repl. & 2011 Supp.); sections (8) (b) (1) (C), (D), (E), (F), (G), (I). (J), 13, 14, 15, 16, and 20 of the District of Columbia Taxicab Commission Establishment Act of 1985, effective March 25, 1986 (D.C. Law 6-97; D.C. Official Code § 50-307(b)(1)(C), (D), (E), (F), (G), (I), (J), 50-312, 50-314, 50-315, and 50-319 (2009) and D.C. Official Code § 50-313 (2009 Repl. & 2011 Supp.)).

source

14 DCRR §§440.2 and 440.3, Special Edition (January 10, 1975); as amended by Notice of Final Rulemaking published at 58 DCR 9847, 9850 (November 18, 2011).

EditorNote

Notice of Final Rulemaking published at 58 DCR 9847 (November 18, 2011) replaces the previous chapter 9 (Taxicab Insurance) by renaming it “Insurance Requirements.”