A. Unless there is attached to the certificate of title of the vehicle a statement signed by the owner to the effect that the vehicle has been used as a taxicab, it shall be unlawful for any person knowingly to sell, transfer, or otherwise dispose of any motor vehicle that has been used as a taxicab.

B. Violation of subsection A shall constitute a Class 1 misdemeanor.

C. When a vehicle has been damaged by water to such an extent that the insurance company insuring it has paid a claim of $ 3,500 or more because of this water damage, the insurance company shall report the payment of such claim to the Department.

D. On receipt of a certificate of title to which the information required in subsection A is attached or upon receipt of information from an insurance company pursuant to subsection C, the Commissioner shall, on issuing a new certificate of title, place an appropriate indicator upon such certificate in order to convey that information to the new owner of the motor vehicle.

History

1966, c. 550, § 46.1-64.1; 1989, c. 727; 2011, cc. 652, 678.