HB1273

Establishes minimum insurance requirements for large motor vehicles not subject to existing insurance laws.

Mississippi HB1273 creates a new section in the Mississippi Code to establish minimum insurance requirements for large motor vehicles weighing over 10,000 pounds that operate on public highways and are not subject to existing insurance laws for common, contract, or interstate carriers. The bill mandates that these vehicles must maintain an insurance policy or bond approved by the commission, conditioned to pay judgments for personal injuries or property damage resulting from vehicle operation.