77-7-93 - Effect of failure to comply with performance bond and insurance requirements. - Mississippi Statutes

§ 77-7-93. Effect of failure to comply with performance bond and insurance requirements.
 

The failure of any holder of a certificate or permit issued by and under the authority of the commission, to comply with any of the requirements of Section 77-7-83 shall be cause for the revocation or suspension of the certificate or permit, or for the imposition of a fine not exceeding One Thousand Dollars ($1,000.00), or both. Failure of any holder of a certificate or permit issued by and under the authority of the Interstate Commerce Commission, to keep on file with the commission the insurance or other security provided by Section 77-7-87, shall be cause for prohibition of the use by the certificate or permit holder of any highway in this state, and shall be cause for the imposition of a fine not to exceed One Thousand Dollars ($1,000.00). 
 

Sources: Codes, 1942, § 7655; Laws,  1938, ch. 142; Laws, 1968, ch. 534; Laws, 1987, ch. 309, § 7; Laws,  1993, ch 561, § 12, eff from and after October 1, 1993.