(a) Annual maximum motor vehicle liability rates for buses and taxis are as follows:
Points 0 1 2
Rates $350 $450 $600
Points shall be calculated in the same manner as provided in 29.1564 for private vehicles, except that:
(1) the points shall be the total points of both the owner and all other operators of the vehicle. The owner shall identify all operators of the vehicle in the application for insurance.
(2) the rates shall apply to each vehicle to be insured.
(b) No person who has accumulated more than 2 points under the provisions of this section shall operate a bus or taxi.
(c) The Insurance Commissioner is authorized, upon notice and opportunity for hearing afforded to the owner and the insurance carrier issuing vehicle liability insurance in accordance with the Administrative Procedure Act, 4.1025 through 4.1034, to require the insurance carrier to cancel, revoke or suspend the operation of the motor vehicle liability policy of insurance covering any bus or taxi which is operated by a person who has accumulated more than 2 points under the provisions of this section. The cancellation, revocation or suspension may extend up to the remaining period of the insurance policy then in effect, and to any or all buses or taxis then owned and operated by the owner.History: 1979, PL 16-3 § 2.
Research Guide: For assigned risk rules, see subsection (f) of 29.0205.