Article 3. Insurance of California Public Utilities Code >> Division 2. >> Chapter 2.5. >> Article 3.
(a) Registration shall not be granted to any private carrier
of passengers until there is filed with and accepted by the
commission, in the form that it prescribes, a currently effective
certificate of insurance or a surety bond evidencing protection
against liability imposed by law for the payment of damages for
personal injury to, or death of, any person or property damage, or
(b) Whenever the commission determines that the certificate of
insurance or surety bond of a private carrier of passengers has
lapsed or been terminated, the commission shall suspend the private
carrier of passenger's registration.
(c) The commission shall notify the private carrier of passengers
of any action taken under subdivision (b).