(a) In case of robbery, larceny, loss, or destruction of a medallion, its holder shall, within the following twenty-four (24) hours, notify the Company of such an event. Such notice shall be made by sworn statement in which the holder shall state the circumstances in which the medallion was stolen, lost or destroyed, as well as the names of witnesses and any other information that the Company may require for the processing of the case. The Company shall forthwith proceed to enter this fact in the Registry of Medallions and shall not allow any transaction of the medallion within the following twenty (20) days. If after said lapse of time the medallion is not recovered, its holder may ask the Company to issue a new medallion. The Company shall, after having verified that the holder has made every kind of effort to recover the medallion, issue a duplicate thereof.
(b) In the event of an involuntary mutilation of the medallion, the same transaction of notice and investigation as above stated for the cases of robbery, larceny, loss, destruction or mutilation, shall be followed except that the Company shall not issue a new medallion, but shall substitute the mutilated one with another medallion bearing the same number and date of the original.
(c) In any of the cases stated herein, the holder shall pay the sum of fifty dollars ($50) in cash, money order or certified check to the Company.
History —Dec. 19, 2002, No. 282, § 52, eff. 180 days after Dec. 19, 2002.