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§47-7-601.1.
§47-7-601.1.
A. Every carrier, upon issuing an owner's policy, a renewal thereof,
or a binder, shall supply a security verification form in duplicate to
an owner for each insured vehicle on a form approved by the Insurance
Commissioner.
1. The owner's security verification form shall contain the following
minimum information:
a. the name and address of the carrier,
b. the name and address of the agent or office where the existence of
security may be verified, if other than the carrier,
c. the name of the named insured,
d. a notice that an owner's liability insurance policy has been issued
pursuant to the Compulsory Insurance Law of this state,
e. the year of manufacture, make and at least the last three (3)
digits of the vehicle identification number of each insured motor
vehicle,
f. the inclusive dates the motor vehicle liability insurance is in
effect, and
g. a warning to the owner that state law:
(1) requires a current copy of the owner's security verification form
must be surrendered to the motor license agent or other registering
agency upon application or renewal for a motor vehicle license plate,
(2) requires the other copy of the owner's security verification form
to be carried in the motor vehicle at all times, and produced by any
driver of the vehicle upon request for inspection by any peace officer
or representative of the Department of Public Safety. In case of a
collision, the security verification form shall be shown upon request
of any person affected by the collision.
The security verification form shall not include the address of the
named insured.
2. The owner's security verification form shall contain the following
statement: "Examine policy exclusions carefully. This form does not
constitute any part of your insurance policy."
3. When a carrier issues an owner's policy providing blanket liability
coverage for a fleet of motor vehicles, the year of manufacture, make
and at least the last three (3) digits of the vehicle identification
number specified in subparagraph e of paragraph 1 of this subsection
may be deleted. The security verification form shall bear the term
"Fleet Coverage" and otherwise meet the provisions of Section 7-600 et
seq. of this title.
4. In the event the effective dates within an owner's policy exceed
one (1) year, the carrier shall furnish the owner a copy of the
owner's security verification form at least annually in addition to
the time of issuance or renewal in order for the owner to submit such
copy for motor vehicle registration purposes.
5. In the event an owner's policy also provides liability coverage
which meets the requirements of an operator's policy, the carrier may
also issue to each person entitled thereto an operator's security
verification form as provided in this section.
B. Every carrier, upon issuing an operator's policy, a renewal
thereof, or a binder, may issue to the insured person a written
operator's security verification form of a size which may conveniently
be carried upon the person, containing the following minimum
information:
1. The name and address of the carrier;
2. The name and address of the person or office where an inquiry may
be made to verify the existence of security;
3. The name of the named insured;
4. A notice that in accordance with the Compulsory Insurance Law of
this state, liability coverage has been issued for the named insured;
5. A statement reflecting the form may be carried in lieu of an
owner's form pursuant to the Compulsory Insurance Law while operating
a motor vehicle. Such form shall be produced upon request of any peace
officer or representative of the Department of Public Safety. In case
of a collision, the form shall be shown upon request of a person
affected by a collision with a vehicle operated by the insured; and
6. The inclusive dates of liability coverage.
C. A carrier may provide any additional information consistent with
the Compulsory Insurance Law of this state in an owner's or operator's
security verification form, but shall not be required to list the
actual amounts of liability coverage thereon. The security
verification form shall not constitute nor be construed as any part of
an insurance policy, renewal or binder.
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