RULE 001.01.90-002 - Rules and Regulations Governing Insurance Filing Requirements, Interstate Carriers

RULE 001.01.90-002. Rules and Regulations Governing Insurance Filing Requirements, Interstate Carriers

Whereas a public hearing was held by the predecessor Transportation Safety Agency for the purpose of promulgating rules, regulations, and amendments to existing rules, and notice was duly given to the public of said hearing on November 29, 1988 at the hour of 10:00 A.M. in the hearing room of the Arkansas Transportation Safety Agency, the Transportation Regulatory Board considered the adoption of the following amendment to Rule 12.2 of the rules promulgated under the Arkansas Motor Carrier Act of 1955, as amended:

Rule 12.2

When a carrier operates solely in interstate commerce pursuant to a Certificate or Permit issued by the Interstate Commerce Commission, the owner, lessor, or a corporate officer must certify to the Commission the name of its liability carrier, the policy, and the effective date of said insurance, and must certify its Arkansas Agent for Service of Process.

After careful consideration of all facts involved in this matter, the Commission finds that the aforementioned rule does not unduly burden interstate commerce, and is not prohibited by 49 CFR ยง 1023.

It is further found that this amendment is necessary to the proper functioning and administration of the duties of the Commission in regulating motor carriers registering their authority in the State of Arkansas.

IT IS THEREFORE ORDERED that said amendment to Rule 12.2 shall be and the same is hereby adopted. Said amendment shall become effective 2 0 days after filing with the Office of the Secretary of State, and shall apply to all applications received for processing received on or after such date.

(4/8/1990)

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