As Amended
SEC. 75-57-49. Financial responsibility requirements; issuance and duration of permits.
Before any person shall be granted a permit to, or shall engage in or continue in the business of the distributing,
either wholesale or retail, installing, altering, extending, changing or repairing of any liquefied compressed gas
system, appliance or container, or in the business of distributing and selling liquefied compressed gas, either at
wholesale or retail, whether from trucks or other vessels, in cylinders or in any other manner, such person shall
satisfy the State Liquefied Compressed Gas Board that he or she is financially responsible; and this provision as to
financial responsibility shall be met by such person by filing with the State Liquefied Compressed Gas Board
evidence that he or she has in force such of the hereinafter listed insurance policies on standard contract forms and
written by an insurance company, or companies, qualified to do business in the State of Mississippi, as the State
Liquefied Compressed Gas Board shall require, based upon those activities listed above in which such person is
engaged, to wit:
WITH LIQUEFIED COMPRESSED GAS ON THEIR PREMISES OR ANY PERSON WHO
IS IN THE BUSINESS OF INSTALLING LC GAS CARBURETION OR APPLIANCES:
Limits of Liability
Each
Occasion Aggregate
Manufacturers and Contractors
Public liability $100,000 $300,000
Products liability $100,000 $300,000
Workers' Compensation and
Employers' Liability
Insurance State Statute
ANY PERSON THAT ENGAGES IN ANY PHASE OF THE LIQUEFIED COMPRESSED
GAS BUSINESS OTHER THAN CYLINDER FILLING LOCATIONS:
Limits of Liability
Bodily Injury Property
Each Each Damage Each
Person Accident Accident
Automobile public liability $500,000 $1,000,000 $1,000,000
Each
Occasion Aggregate
Manufacturers and Contractors
Public liability $1,000,000 $1,000,000
Products liability $1,000,000 $1,000,000
Workers' Compensation and
Employers' Liability
Insurance State Statute
hazard of liquefied compressed gases is involved.
No policy issued under the provisions of this chapter may be cancelled before thirty (30) days from the date of
receipt by the Commissioner of Insurance of written notice of intention to cancel such policy.
It is expressly provided, however, that in lieu of filing with the State Liquefied Compressed Gas Board evidence
that such insurance, as outlined above, is in force, any such person may file with the State Liquefied Compressed
Gas Board a good and sufficient surety bond executed by a surety company licensed to do business in this state in
the amount of One Million Dollars ($1,000,000.00), which said bond shall be payable to the State of Mississippi
and shall be conditioned to guarantee the payment of all damages which proximately result from any act of
negligence on the part of such person, or their agents or employees, while engaged in any of the activities herein
specified. In lieu of such surety bond, any such person may execute and file a good and sufficient personal bond
in the amount and conditioned as specified above, which said personal bond shall be secured by bonds or other
obligations of the State of Mississippi or the United States Government, of equal value.
Upon compliance with the provisions of this section, where such compliance is required, and upon compliance
with all other provisions of this chapter, the State Liquefied Compressed Gas Board shall issue to such dealer a
permit to engage in such business, but not before. All such permits shall be valid until voluntarily surrendered, or
until suspended, revoked or cancelled by the State Liquefied Compressed Gas Board, the Commissioner of
Insurance or the chancery or circuit court. All permits issued under the provisions of Chapter 170, Laws of 1940,
as amended, or Chapter 265, Laws of 1946, shall remain in full force and effect until the expiration date thereof at
which time they must be renewed under the terms and conditions of this chapter.
SOURCES: Codes, 1942, Sec. 5104-21; Laws, 1940, ch. 170, 1942, ch. 244; 1946, ch. 265, Sec. 16; 1948, ch. 317, Sec. 21; 1950, ch. 475, Sec. 8; 1952, ch. 346, Sec. 13; 1960, ch. 405, Sec. 7; 1980, ch. 416, Sec. 12; 1980, ch. 561, Sec. 36; 1982, ch. 408, Sec. 12; 1982, ch. 437, Sec. 6; 1991, ch. 442, Sec. 5, eff from and after July 1, 1991. Laws, 1995, ch. 475, Sec. 19, eff from and after July 1, 1995