                                 CODE OF VIRGINIA

TAXICAB INSURANCE REQUIRED (§ 46.2-2057)

A. Each operator of a motor vehicle performing a bona fide taxicab service shall
file insurance as required under this article unless evidence can be shown to
the Department that the operator (i) is a self-insurer under an ordinance of the
city or county where the home office of the operator is located or (ii) has been
issued a certificate of self-insurance pursuant to &#xA7; 46.2-368.

B. Any self-insurance protection subject to this section shall provide for
protection against the uninsured or underinsured motorist to the extent required
by &#xA7; 38.2-2206. Notwithstanding &#xA7; 38.2-2206 or any other provision of
this title, protection against the uninsured or underinsured motorist shall be
subject to a limit exclusive of interest and costs, with respect to each motor
vehicle, as follows: (i) a limit of $25,000 due to bodily injury to or death of
one person in any one accident; (ii) subject to the limit for one person, a
limit of $50,000 due to bodily injury or death of two or more persons in any one
accident; and (iii) a limit of $20,000 due to injury to or destruction of
property of others in any one accident. The amount of bodily injury or property
damage liability coverage available for payment from any source shall be
credited against and reduce the amount of protection otherwise available against
an underinsured motorist. Nothing herein shall preclude any self-insurer
operator from purchasing or providing uninsured or underinsured motorist
insurance coverage in an amount greater than required in this subsection. Such
protection against uninsured and underinsured motorists shall be secondary
coverage to any other valid and collectible insurance providing the same
protection that is available to any person otherwise entitled to assert a claim
to such protection by virtue of this section.

HISTORY: 2001, c. 596; 2021, Sp. Sess. I, c. 273; 2022, c. 308.