{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/5.1-118.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/5.1-118.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/5.1-118.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/5.1-118.html"}],"law_id":78651,"edition_id":1,"section_id":78651,"structure_id":14427,"section_number":"5.1-118","catch_line":"Policies, bonds or certificates to be filed with Commission; securities deposited in lieu thereof","history":"Code 1950, \u00a7 56-172; 1970, c. 708; 1975, c. 211.","full_text":"Each holder of a certificate or permit issued by the Commission shall keep on file with the Commission an insurance policy, bond or certificate of insurance in lieu thereof, certifying that such policy or bond covers the liability of such air carrier in accordance with the provisions of this article, issued by an insurance company or association or other insurer authorized to transact business in this Commonwealth, and such insurance, bond or certificate of insurance filed with the Commission shall be kept in full force at all times. The policy, bond or certificate of insurance shall remain in the files of the Commission six months after the insurance or bond has expired or has been cancelled for any cause. If federal, state or municipal bonds are deposited with the State Treasurer in lieu thereof, such bonds shall remain so deposited until six months after the authority for use of equipment insured has expired or is cancelled for any cause, unless otherwise ordered by the Commission.","order_by":null,"text":{"0":{"id":281828,"text":"Each holder of a certificate or permit issued by the Commission shall keep on file with the Commission an insurance policy, bond or certificate of insurance in lieu thereof, certifying that such policy or bond covers the liability of such air carrier in accordance with the provisions of this article, issued by an insurance company or association or other insurer authorized to transact business in this Commonwealth, and such insurance, bond or certificate of insurance filed with the Commission shall be kept in full force at all times. The policy, bond or certificate of insurance shall remain in the files of the Commission six months after the insurance or bond has expired or has been cancelled for any cause. If federal, state or municipal bonds are deposited with the State Treasurer in lieu thereof, such bonds shall remain so deposited until six months after the authority for use of equipment insured has expired or is cancelled for any cause, unless otherwise ordered by the Commission.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14427,"edition_id":1,"name":"Bonds or Insurance","identifier":"7","label":"article","depth":3,"order_by":1,"parent_id":13309,"metadata":{},"date_created":"2026-06-26 03:48:06","date_modified":"2026-06-26 03:48:06","permalink":{"id":234079,"object_type":"structure","relational_id":14427,"identifier":"7","token":"5.1\/9\/7","url":"\/5.1\/9\/7\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13309,"edition_id":1,"name":"Air Carriers","identifier":"9","label":"chapter","depth":2,"order_by":1,"parent_id":13105,"metadata":{},"date_created":"2026-06-26 03:44:37","date_modified":"2026-06-26 03:44:37","permalink":{"id":233965,"object_type":"structure","relational_id":13309,"identifier":"9","token":"5.1\/9","url":"\/5.1\/9\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13105,"edition_id":1,"name":"Aviation","identifier":"5.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:17","date_modified":"2026-06-26 03:44:17","permalink":{"id":233299,"object_type":"structure","relational_id":13105,"identifier":"5.1","token":"5.1","url":"\/5.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58310,"structure_id":14427,"section_number":"5.1-116","catch_line":"Bonds, insurance or certificate of insurance required prior to issuance of certificate or permit","url":"\/5.1-116\/","token":"5.1\/9\/7\/5.1-116","metadata":false},{"id":82987,"structure_id":14427,"section_number":"5.1-117","catch_line":"Bonds or insurance to be kept in force","url":"\/5.1-117\/","token":"5.1\/9\/7\/5.1-117","metadata":false},{"id":78651,"structure_id":14427,"section_number":"5.1-118","catch_line":"Policies, bonds or certificates to be filed with Commission; securities deposited in lieu thereof","url":"\/5.1-118\/","token":"5.1\/9\/7\/5.1-118","metadata":false},{"id":55788,"structure_id":14427,"section_number":"5.1-119","catch_line":"Condition of bond, etc","url":"\/5.1-119\/","token":"5.1\/9\/7\/5.1-119","metadata":false},{"id":70789,"structure_id":14427,"section_number":"5.1-120","catch_line":"Effect of failure to give security","url":"\/5.1-120\/","token":"5.1\/9\/7\/5.1-120","metadata":false}],"previous_section":{"id":82987,"structure_id":14427,"section_number":"5.1-117","catch_line":"Bonds or insurance to be kept in force","url":"\/5.1-117\/","token":"5.1\/9\/7\/5.1-117","metadata":false},"next_section":{"id":55788,"structure_id":14427,"section_number":"5.1-119","catch_line":"Condition of bond, etc","url":"\/5.1-119\/","token":"5.1\/9\/7\/5.1-119","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/5.1-118\/","history_text":"

The record of this law\u2019s original creation isn\u2019t available online. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1970, chapter 708; in 1975, chapter 211.<\/p>","references":[{"id":70789,"section_number":"5.1-120","catch_line":"Effect of failure to give security","order_by":null,"url":"\/5.1-120\/"}],"refers_to":false,"permalink":{"id":234089,"object_type":"law","relational_id":78651,"identifier":"5.1-118","token":"5.1\/9\/7\/5.1-118","url":"\/5.1-118\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/5.1-118\/","token":"5.1\/9\/7\/5.1-118","dublin_core":{"Title":"Policies, bonds or certificates to be filed with Commission; securities deposited in lieu thereof","Type":"Text","Format":"text\/html","Identifier":"\u00a7 5.1-118","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

Each holder of a certificate<\/span> or permit issued by the Commission<\/span> shall keep on file with the Commission<\/span> an insurance policy, bond<\/span> or certificate<\/span> of insurance in lieu thereof, certifying that such policy or bond<\/span> covers the liability of such air carrier<\/span> in accordance with the provisions of this article, issued by an insurance company or association or other insurer authorized to transact business in this Commonwealth, and such insurance, bond<\/span> or certificate<\/span> of insurance filed with the Commission<\/span> shall be kept in full force at all times. The policy, bond<\/span> or certificate<\/span> of insurance shall remain in the files of the Commission<\/span> six months after the insurance or bond<\/span> has expired or has been cancelled for any cause. If federal, state or municipal bonds<\/span> are deposited with the State Treasurer in lieu thereof, such bonds<\/span> shall remain so deposited until six months after the authority for use of equipment insured has expired or is cancelled for any cause, unless otherwise ordered by the Commission<\/span>.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nPOLICIES, BONDS OR CERTIFICATES TO BE FILED WITH COMMISSION; SECURITIES\nDEPOSITED IN LIEU THEREOF (\u00a7 5.1-118)\n\nEach holder of a certificate or permit issued by the Commission shall keep on\nfile with the Commission an insurance policy, bond or certificate of insurance\nin lieu thereof, certifying that such policy or bond covers the liability of\nsuch air carrier in accordance with the provisions of this article, issued by an\ninsurance company or association or other insurer authorized to transact\nbusiness in this Commonwealth, and such insurance, bond or certificate of\ninsurance filed with the Commission shall be kept in full force at all times.\nThe policy, bond or certificate of insurance shall remain in the files of the\nCommission six months after the insurance or bond has expired or has been\ncancelled for any cause. If federal, state or municipal bonds are deposited with\nthe State Treasurer in lieu thereof, such bonds shall remain so deposited until\nsix months after the authority for use of equipment insured has expired or is\ncancelled for any cause, unless otherwise ordered by the Commission.\n\nHISTORY: Code 1950, \u00a7 56-172; 1970, c. 708; 1975, c. 211.","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}}