ARTICLE 7. Insurance of Property [31220. - 31223.]

Article 7 added by Stats. 1968, Ch. 923.

§§ 31220–31223 · 4 sections

• § 31220 When the toll tunnel is being built by the authority, it may carry or cause to be carried such an amount of insurance or indemnity bond as protection against…
• § 31221 The authority may carry insurance in such amount as it deems proper to cover any accident or destruction in part or in whole to the toll tunnel until all bonds…
• § 31222 All money collected on any indemnity bond or insurance policy as the result of any damage or injury to the toll tunnel shall be used for the purpose of…
• § 31223 The authority may also carry insurance or indemnity bonds insuring against the loss of tolls or other revenues to be derived from the toll tunnel by reason of…