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  • NJ A1904
  • Requires owner of autocab to provide proof of financial responsibility.
Introduced
(1/27/2016)
In Committee
(1/27/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill requires the owner of an autocab (commonly known as a "taxicab") to demonstrate and provide proof of financial responsibility to the clerk of the municipality in which the owner is seeking consent to operate an autocab. An owner of an autocab is required to file with the clerk of the municipality satisfactory evidence of holding an insurance policy required pursuant to R.S.48:16-3 or section 1 of P.L.1972, c.197 (C.39:6B-1). The owner of an autocab is also required to: (1) Post a satisfactory bond of a surety company authorized to do business in this State in an amount equal to the number of vehicles owned times $35,000, to a maximum of $750,000; or (2) Deposit cash or securities in an amount equal to the number of vehicles owned times $35,000, to a maximum of $750,000. The bill also requires the owner to maintain at the principal place of business, and annually file with the clerk, a financial statement. The bill provides that the financial statement shall not be considered a public record pursuant to the open public records act.
Transportation and Independent Authorities
Introduced, Referred to Assembly Transportation and Independent Authorities Committee  (on 1/27/2016)
 
 
Date Chamber Action Description
1/27/2016 A Introduced, Referred to Assembly Transportation and Independent Authorities Committee
Date Motion Yea Nay Other
None specified