§ 2417. Insurance
TITLE 9: VEHICLE CODE DIVISION 2: REGISTRATION AND LICENSES § 2417. Insurance. (a) All programs shall file with the Commissioner evidence of liability insur- ance obtained from a company licensed to do business in the Commonwealth. (1) Evidence of insurance shall be in the form of an original certificate of insurance from the insurance company with the proviso that the insurance may not be canceled or terminated, except upon a minimum of thirty days prior written notice to the Commissioner. (b) Programs shall maintain liability insurance in the amounts of at least: (1) 30,000.00 for bodily injury to, or death of, two or more persons in any one accident; (3) 15,000.00 for medical expenses; and, (c) Programs shall maintain uninsured or under-insured motorist coverage in amounts no less than those amounts under subsection (b). (d) The program shall submit to the approving authority a listing of all vehi- cles covered by the insurance. (1) No vehicle shall be utilized for instruction which has not been identified by the program, and submitted to the approving authority for inspection and clearance using national standards, if any. (2) The program shall ensure that the listing provided to the approving au- thority is maintained current and accurate notifying the approving authority of any change within five days of notice from the insurance company. (f) Certification of a program is automatically terminated upon the date of cancellation of insurance of all vehicles utilized by the program. (1) Certificates terminated under this subsection shall be surrendered to the Commissioner within ten days from the date the insurance was canceled. (2) A program whose certification was terminated under this subsection may reapply for certification upon meeting the insurance requirements. Source: PL 15-25, § 2 (2407), modified.
Source: CNMI Law Revision Commission