§47-169.

§47-169.
   
   A. No certificate or permit shall be issued by the Commission to any
   motor carrier of household goods or used emigrant movables until after
   such motor carrier shall have filed with the Commission a liability
   insurance policy or bond covering public liability and property
   damage, issued by some insurance or bonding company or insurance
   carrier authorized as set forth below, and which has complied with all
   of the requirements of the Commission, which bond or policy shall be
   approved by the Commission, and shall be in such sum and amount as
   fixed by a proper order of the Commission; and such liability and
   property damage insurance policy or bond shall bind the obligor
   thereunder to make compensation for injuries to, or death of, persons,
   and loss or damage to property, resulting from the operation of any
   such motor carrier for which such carrier is legally liable. A copy of
   the policy or bond shall be filed with the Commission, and, after
   judgment against the carrier for any damage, the injured party may
   maintain an action upon the policy or bond to recover the same, and
   shall be a proper party to maintain such action.
   
   B. Every motor carrier of household goods or used emigrant movables
   shall file with the Commission a cargo insurance policy or bond
   covering any goods or property being transported, issued by some
   insurance or bonding company or insurance carrier authorized as set
   forth below, and which has complied with all of the requirements of
   the Commission, which bond or policy shall be approved by the
   Commission, and shall be in a sum and amount as fixed by a proper
   order of the Commission. The cargo insurance must be filed with the
   Commission prior to a certificate or permit being issued by the
   Commission.
   
   C. No carrier, whose principal place of business is in Oklahoma, shall
   conduct any operations in this state unless the operations are covered
   by a valid primary bond or insurance policy issued by a provider
   authorized or approved by the State Insurance Commissioner. No carrier
   shall conduct any operations in this state unless the operations are
   covered by a valid bond or insurance policy issued by a provider
   licensed or approved by the State Insurance Commissioner or the
   insurance regulatory authority of any other state.
   
   D. Each motor carrier shall maintain on file, in full force, all
   insurance required by the laws of the State of Oklahoma and the rules
   of the Commission during such motor carrier's operation and that the
   failure for any cause to maintain such coverage in full force and
   effect shall immediately, without any notice from the Commission,
   suspend such carrier's rights to operate until proper insurance is
   provided. Any carrier suspended for failure to maintain proper
   insurance shall have a reasonable time, not exceeding sixty (60) days,
   within which to provide proper insurance and to have his authority
   reactivated, upon showing:
   
   1. No operation during the period in which he did not have insurance;
   and
   
   2. Furnishing of proper insurance coverage.
   
   E. Any carrier who fails to reactivate his or its permit or
   certificate within sixty (60) days after such suspension, as above
   provided, shall have said permit or certificate canceled, by operation
   of law, without any notice from the Commission. No certificate or
   permit so canceled shall be reinstated or otherwise made operative
   except that the Commission may reinstate the authority of a motor
   carrier upon proper showing that the motor carrier was actually
   covered by proper insurance during the suspension or cancellation
   period, and that failure to file with the Commission was not due to
   the motor carrier's own negligence. Any carrier desiring to file for
   reinstatement of its certificate or permit shall do so within ninety
   (90) days of its cancellation by law.
   
   F. The Commission shall, in its discretion, permit the filing of
   certificates of insurance coverage on such form as may be prescribed
   by the Commission, in lieu of copies of insurance policies or bonds,
   with the proviso that if the certificates are authorized, the
   insurance company or carrier so filing it, upon request of the
   Commission, shall, at any time, furnish an authenticated copy of the
   policy which the certificate represents, and further provided that
   thirty (30) days prior to effective cancellation or termination of the
   policy of insurance for any cause, the insurer shall so notify the
   Commission in writing of the facts or as deemed necessary by the
   Commission.