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Session Laws, 1943
Volume 584, Page 1875   View pdf image (33K)
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HERBERT R. O'CONOR, GOVERNOR. 1875

A policy or policies of insurance shall provide insurance, in
the name of the person insured, to apply to all motor vehicles
owned by the person insured; and in addition thereto shall pro-
vide insurance, in the name of the person insured, to apply to
any motor vehicle operated by, but not owned by the person
insured.

(A) Such policy of insurance shall meet the requirements
enumerated hereunder, when:

1. It shall designate by explicit description or appropriate
reference all motor vehicles to be insured therein;

2. It shall specify the name, address and occupation of the
person insured;

3. It shall extend to insure any person using or legally
responsible for the use of any motor vehicle described in the
said policy, when such use is with the permission of the in-
sured person named in the said policy.

4. It shall provide insurance anywhere within the conti-
nental limits of the United States or the Dominion of Canada;

5. It shall provide insurance for every insured person on
account of legal liability for damages arising out of the owner-
ship, operation, maintenance or use of any motor vehicle ex-
plicitly described or appropriately referred to in the said
policy.

6. It shall specify the following:

a. the date the insurance begins and ends;

b. the kinds of insurance provided;

e. the amount of each kind of insurance provided;

d. the premium charged for each kind of insurance pro
vided;

e. that the insurance provided is in accordance with and
subject to all the provisions of this Article;

f. that the liability of the insurance carrier shall become
absolute whenever loss or damage included in such
policy occurs, and the satisfaction by the insured
person of a final judgment for such loss or damage
shall not be a condition precedent to the right or obli-
gation of the carrier to make payment on account of
such loss or damage; provided that no suit shall be
brought against the insurance carrier until thirty
(30) days after the entry of a final judgment against
the insured person for such loss or damage.

 

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Session Laws, 1943
Volume 584, Page 1875   View pdf image (33K)
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