(A) Evidence of security required under the rules of this chapter must be issued by an insurance or bonding company authorized to do business in Ohio by the Ohio department of insurance.
(B) Each type of coverage (e.g. public liability, cargo liability) may be written with multiple companies or with a single company.
(C) Evidence of security written for filing with the commission pursuant to rule 4901:2-13-04 of the Administrative Code may be for a period of not less than one year or continuous until canceled. Continuous coverage is preferred by the commission.
(D) Evidence of security written for filing with the commission pursuant to rule 4901:2-13-04 of the Administrative Code shall be written in the full and correct name of the applicant for or the holder of a certificate of public convenience and necessity and, whenever necessary, such policy, certificate, or bond shall be amended to show the name or names of the legal or personal representatives, trustees and receivers, engaging or proposing to engage as a for-hire motor carrier. Evidence of security shall also show the address and principal place of business of the insured for-hire motor carrier or legal representative.
Replaces: part of 4901:2-13-04