§ 5.1-118. Policies, bonds or certificates to be filed with Commission; securities deposited in lieu thereof
Each holder of a certificate or permit issued by the Commission shall keep on file with the Commission an insurance policy, bond or certificate of insurance in lieu thereof, certifying that such policy or bond covers the liability of such air carrier in accordance with the provisions of this article, issued by an insurance company […]
§ 5.1-119. Condition of bond, etc.
The insurance bond, or other security, shall obligate the insurer or surety to pay any final judgment for damages sustained by the passengers, shippers, or consignees for injury to any passenger or passengers, or for loss or damage to property entrusted to such air carrier when a cargo policy is required, and for any and […]
§ 5.1-120. Effect of failure to give security
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 §§ 5.1-116, 5.1-117 or 5.1-118 shall be cause without further proceedings for the revocation or suspension of the certificate or permit, and upon further proceedings for the imposition of […]
§ 5.1-111. Authority over brokers; bond
The Commission shall have the same authority over persons operating under and holding a brokerage license as it has over air carriers under this chapter and shall require a broker to furnish bond or other security approved by the Commission and sufficient for the protection of travelers or shippers by aircraft. Code 1950, § 56-165; […]
§ 5.1-112. Broker’s license not substitute for other certificates or permits required
No person who holds a broker’s license under this chapter shall engage in transportation subject to this chapter unless he holds a certificate or permit as provided in this chapter. In the execution of any contract, agreement, or arrangement to sell, provide, procure, furnish, or arrange for such transportation, it shall be unlawful for such […]
§ 5.1-113. Duration of certificates, registrations, etc.; suspension, revocation, or amendment; penalties
Certificates, permits, registrations, and licenses issued under the provisions of this chapter shall be effective from the dates specified therein and shall remain in effect until terminated as herein provided. The Commission may at any time, by its order duly entered after hearing held after notice to the holder of any such certificate, permit, registration, […]
§ 5.1-114. Transfer or lease of certificate
Any certificate issued under this chapter may be transferred or leased, subject to the approval of the Commission and under such reasonable rules and regulations as may be prescribed by the Commission. An application for such approval shall be made jointly by the transferor and transferee, or lessor and lessee. No certificate shall be transferred, […]
§ 5.1-115. No value allowed for certificates
No value shall be allowed for any purpose for any certificate issued under this chapter. Code 1950, § 56-169; 1970, c. 708.
§ 5.1-108. When broker’s license required
No person shall for compensation sell or offer for sale transportation subject to this chapter or shall make any contract, agreement, or arrangement to provide, procure, furnish, or arrange for such transportation or shall hold himself or itself out by advertisement, solicitation, or otherwise as one who sells, provides, procures, contracts, or arranges for such […]
§ 5.1-109. Application for broker’s license
The Commission shall prescribe the form of application for a broker’s license and such reasonable requirements and information as may in its judgment be necessary, and may assess a fee of ten dollars for filing. Code 1950, § 56-163; 1970, c. 708.