Statutes, codes, and regulations
West Virginia Administrative Code
Agency 150 - Public Service CommissionTitle 150 - EXEMPT LEGISLATIVE RULE PUBLIC SERVICE COMMISSION
Series 150-14 - Rules And Regulations Governing The Filing And Approval Of Surety Bonds, Policies Of Insurance, qualifications as Self-Insurer Or other Securities And Agree
Section 150-14-5 - RULE IV - Qualifications as a Self-Insurer and Other Securities or Agreements

W. Va. Code R. § 150-14-5

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Current through Register Vol. XLI, No. 50, December 13, 2024
Section 150-14-5 - RULE IV - Qualifications as a Self-Insurer and Other Securities or Agreements
5.1. The Commission will give consideration to and will approve the application of a motor carrier to qualify as a self-insurer if such carrier furnishes a true and accurate statement of its financial condition and other evidence which will establish to the satisfaction of the Commission the ability of such motor carrier to satisfy its obligations for bodily injury liability, property damage liability, or cargo liability without affecting the stability or., permanency of the business of such motor carrier.
5.2. The Commission will also consider applications for approval of other securities or-agreements and will "approve any such applications if satisfied that the securities or agreement offered will afford the security for the protection of the public contemplated by paragraph (g), section 5, article 5, of the Motor Carrier Law.

W. Va. Code R. § 150-14-5