CODE OF VIRGINIA

INFORMATION REQUIRED ON TRANSFER OF TITLES OF TAXICABS OR VEHICLES DAMAGED BY
WATER (§ 46.2-624)

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.