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1512 Technology Drive Ste 101, Chesapeake, VA 23320

Wisdom & Authority Title Solutions

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INTRASTATE OPERATING AUTHORITY IN VIRGINIA Part 1

Posted on July 21, 2011 at 9:26 PM
 
Before examining the classifications of Operating Authority, it is imperative to mention what operating authority is.  Operating Authority is a licensing and insurance requirement that must be obtained for certain operators, who will be utilizing certain vehicles, under certain services and busineses, and who will be operating in certain localities or jurisdictions.
 
In this briefing and during this series, Intrastate Operating Authority for the state of Virginia will be observed.  In the state of Virginia the following are classifications of those who must apply for operating authority before operation can begin or continue:
 
  • Passenger Carriers
  • Property Carriers
  • Brokers
 
The basic requirements for operators who are for-hire in the state of Virginia must:
 
  • Obtain the required insurance liability amount
  • Obtain a surety bond (required amount) or a letter stating line of credit which would also state the amount that would've been for the surety bond
  • Apply for Intrastate Operating Authority
  • If approved for Operating Authority in Virginia, the vehicles must be titled and registered in Virginia.  Essentially the proper for-hire plates must be obtained and mainted
  • Every vehicle that the company with the operating authority is using in the operation that is is seeking operating authority for, must be listed under the company's operating authority.
  • More importantly, once obtained operating authority must be renewed every year.  Failure to do will result in licensing cancellation and other consequences.
 
 
If you need assistance in applying for operating authority in the state of Virginia or you need  help working through compliance issues regarding operating authority in Virginia;Wisdom & Authority Titling Solutions is here to assist you every step of the way.  Check back next week for Intrastate Operating Authority in Virginia (Part 2).

Credits: Some data used from the Virginia DMV

Categories: OPERATING AUTHORITY

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