Today's Law As Amended


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AB-1539 Commercial vessels: protection and indemnity insurance.(2021-2022)



As Amends the Law Today


SECTION 1.

 Article 2.8 (commencing with Section 758) is added to Chapter 5 of Division 3 of the Harbors and Navigation Code, to read:

Article  2.8. Protection and Indemnity Insurance for Commercial Vessels
758.
 (a) A vessel used for commercial purposes shall have a minimum of one million dollars ($1,000,000) of protection and indemnity insurance to cover wreck removal costs of the vessel.
(b) The division may adopt regulations to implement this section.
(c) The division may impose a civil penalty of not more than ____ dollars ($____) per day per violation on the operator of a vessel used for commercial purposes that violates subdivision (a) or a regulation adopted pursuant to subdivision (b).