La. Admin. Code tit. 73, § I-705 - Property Damage Bond

A. Louisiana requires that a liability bond or certificate of insurance which insures any damage to state property must be posted at the truck permit office before any permit is issued for vehicles and loads which are overweight or 14 or more feet wide.

B. The minimum amount of the bond or certificate of insurance must be $100,000 for one trip or $250,000 for a year.

C. The original of the property damage bond, a power of attorney for the principal, and power of attorney for the insurance company must be furnished to the truck permit office.

D. Separate bonds must be posted for the property damage insurance, for insuring payment of charge accounts, and for insuring payment of fines.

Notes

La. Admin. Code tit. 73, § I-705

Promulgated by the Department of Transportation and Development, Office of Highways, LR 5:26 (February 1979), amended by the Office of Weights, Measures and StandaLR rds, 22:120 (February 1996).

AUTHORITY NOTE: Promulgated in accordance with R.S. 32:2 et seq.