164.287 Motor vehicle liability insurance -- Conditions. - Kentucky Statutes

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164.287 Motor vehicle liability insurance -- Conditions. Each board of regents or trustees of the public postsecondary educational institutions is
authorized to provide for liability and indemnity insurance against the negligence of
drivers or operators of motor vehicles or other mobile equipment owned or operated by
the board. If the transportation of members of the student bodies is let out under contract,
the contract shall require the contractor to carry indemnity or liability insurance against
negligence in such amount as the board designates. In either case the indemnity bond or
insurance policy shall be issued by some surety or insurance company authorized to
transact business in this state, and shall bind the company to pay any final judgment not
to exceed the limits of the policy rendered against the insured for loss or damage to
property of any student or other person, or death or injury of any student or other person. Effective: May 30, 1997
History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 90, effective May 30, 1997. -- Created 1962 Ky. Acts ch. 59, sec. 1.