{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/46.2-2054.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/46.2-2054.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/46.2-2054.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/46.2-2054.html"}],"law_id":73434,"edition_id":1,"section_id":73434,"structure_id":13818,"section_number":"46.2-2054","catch_line":"Policies or surety bonds to be filed with the Department and securities with State Treasurer","history":"2001, c. 596.","full_text":"A\n\nEach motor carrier shall keep on file with the Department proof of an insurance policy or bond in accordance with this article. Record of the policy or bond shall remain in the files of the Department six months after the certificate, registration card, license plate, identification marker or permit is canceled for any cause. If federal, state, or municipal bonds are deposited with the State Treasurer in lieu of an insurance policy, the bonds shall remain deposited until six months after the registration card, license plate, certificate, permit or identification marker is canceled for any cause unless otherwise ordered by the Department.B\n\nThe Department may, without holding a hearing, suspend a permit or certificate if the permittee or certificate holder fails to comply with the requirements of this section.","order_by":null,"text":{"0":{"id":264268,"text":"Each motor carrier shall keep on file with the Department proof of an insurance policy or bond in accordance with this article. Record of the policy or bond shall remain in the files of the Department six months after the certificate, registration card, license plate, identification marker or permit is canceled for any cause. If federal, state, or municipal bonds are deposited with the State Treasurer in lieu of an insurance policy, the bonds shall remain deposited until six months after the registration card, license plate, certificate, permit or identification marker is canceled for any cause unless otherwise ordered by the Department.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":264269,"text":"The Department may, without holding a hearing, suspend a permit or certificate if the permittee or certificate holder fails to comply with the requirements of this section.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":13818,"edition_id":1,"name":"Insurance Requirements","identifier":"2","label":"article","depth":4,"order_by":1,"parent_id":13319,"metadata":{},"date_created":"2026-06-26 03:45:59","date_modified":"2026-06-26 03:45:59","permalink":{"id":232267,"object_type":"structure","relational_id":13818,"identifier":"2","token":"46.2\/V\/20\/2","url":"\/46.2\/V\/20\/2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13319,"edition_id":1,"name":"Regulation of Passenger Carriers","identifier":"20","label":"chapter","depth":3,"order_by":1,"parent_id":13318,"metadata":{},"date_created":"2026-06-26 03:44:38","date_modified":"2026-06-26 03:44:38","permalink":{"id":231967,"object_type":"structure","relational_id":13319,"identifier":"20","token":"46.2\/V\/20","url":"\/46.2\/V\/20\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13318,"edition_id":1,"name":"Motor Carriers","identifier":"V","label":"subtitle","depth":2,"order_by":1,"parent_id":12770,"metadata":{},"date_created":"2026-06-26 03:44:38","date_modified":"2026-06-26 03:44:38","permalink":{"id":231965,"object_type":"structure","relational_id":13318,"identifier":"V","token":"46.2\/V","url":"\/46.2\/V\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12770,"edition_id":1,"name":"Motor Vehicles","identifier":"46.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:52","date_modified":"2026-06-26 03:43:52","permalink":{"id":225289,"object_type":"structure","relational_id":12770,"identifier":"46.2","token":"46.2","url":"\/46.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":77986,"structure_id":13818,"section_number":"46.2-2051","catch_line":"Application of article","url":"\/46.2-2051\/","token":"46.2\/V\/20\/2\/46.2-2051","metadata":false},{"id":58710,"structure_id":13818,"section_number":"46.2-2052","catch_line":"Bonds or insurance to be kept in force; amounts","url":"\/46.2-2052\/","token":"46.2\/V\/20\/2\/46.2-2052","metadata":false},{"id":76994,"structure_id":13818,"section_number":"46.2-2053","catch_line":"Surety bonds, insurance, letter of credit, or securities required prior to issuance of registration; amounts","url":"\/46.2-2053\/","token":"46.2\/V\/20\/2\/46.2-2053","metadata":false},{"id":73434,"structure_id":13818,"section_number":"46.2-2054","catch_line":"Policies or surety bonds to be filed with the Department and securities with State Treasurer","url":"\/46.2-2054\/","token":"46.2\/V\/20\/2\/46.2-2054","metadata":false},{"id":54831,"structure_id":13818,"section_number":"46.2-2055","catch_line":"Condition or obligation of security","url":"\/46.2-2055\/","token":"46.2\/V\/20\/2\/46.2-2055","metadata":false},{"id":75632,"structure_id":13818,"section_number":"46.2-2056","catch_line":"Effect of unfair claims settlement practices on self-insured motor carriers","url":"\/46.2-2056\/","token":"46.2\/V\/20\/2\/46.2-2056","metadata":false},{"id":86094,"structure_id":13818,"section_number":"46.2-2057","catch_line":"Taxicab insurance required","url":"\/46.2-2057\/","token":"46.2\/V\/20\/2\/46.2-2057","metadata":false},{"id":68594,"structure_id":13818,"section_number":"46.2-2058","catch_line":"When taxicab operator a self-insurer","url":"\/46.2-2058\/","token":"46.2\/V\/20\/2\/46.2-2058","metadata":false}],"previous_section":{"id":76994,"structure_id":13818,"section_number":"46.2-2053","catch_line":"Surety bonds, insurance, letter of credit, or securities required prior to issuance of registration; amounts","url":"\/46.2-2053\/","token":"46.2\/V\/20\/2\/46.2-2053","metadata":false},"next_section":{"id":54831,"structure_id":13818,"section_number":"46.2-2055","catch_line":"Condition or obligation of security","url":"\/46.2-2055\/","token":"46.2\/V\/20\/2\/46.2-2055","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/46.2-2054\/","history_text":"

This law was first created in 2001. The record of its establishment is cataloged in chapter 596<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":54831,"section_number":"46.2-2055","catch_line":"Condition or obligation of security","order_by":null,"url":"\/46.2-2055\/"}],"refers_to":false,"permalink":{"id":232281,"object_type":"law","relational_id":73434,"identifier":"46.2-2054","token":"46.2\/V\/20\/2\/46.2-2054","url":"\/46.2-2054\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/46.2-2054\/","token":"46.2\/V\/20\/2\/46.2-2054","dublin_core":{"Title":"Policies or surety bonds to be filed with the Department and securities with State Treasurer","Type":"Text","Format":"text\/html","Identifier":"\u00a7 46.2-2054","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Each motor carrier<\/span> shall keep on file with the Department<\/span> proof of an insurance policy or bond<\/span> in accordance with this article. Record of the policy or bond<\/span> shall remain in the files of the Department<\/span> six months after the certificate<\/span>, registration card, license plate<\/span>, identification marker<\/span> or permit<\/span> is canceled for any cause. If federal, state, or municipal bonds<\/span> are deposited with the State Treasurer in lieu of an insurance policy, the bonds<\/span> shall remain deposited until six months after the registration card, license plate<\/span>, certificate<\/span>, permit<\/span> or identification marker<\/span> is canceled for any cause unless otherwise ordered by the Department<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> The Department<\/span> may, without holding a hearing<\/span>, suspend<\/span> a permit<\/span> or certificate<\/span> if the permittee or certificate<\/span> holder fails to comply with the requirements of this section. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOLICIES OR SURETY BONDS TO BE FILED WITH THE DEPARTMENT AND SECURITIES WITH\nSTATE TREASURER (\u00a7 46.2-2054)\n\nA. Each motor carrier shall keep on file with the Department proof of an\ninsurance policy or bond in accordance with this article. Record of the policy\nor bond shall remain in the files of the Department six months after the\ncertificate, registration card, license plate, identification marker or permit\nis canceled for any cause. If federal, state, or municipal bonds are deposited\nwith the State Treasurer in lieu of an insurance policy, the bonds shall remain\ndeposited until six months after the registration card, license plate,\ncertificate, permit or identification marker is canceled for any cause unless\notherwise ordered by the Department.\n\nB. The Department may, without holding a hearing, suspend a permit or\ncertificate if the permittee or certificate holder fails to comply with the\nrequirements of this section.\n\nHISTORY: 2001, c. 596.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}