(D) "Owner" means a person who holds the legal title of a | 21 |
motor vehicle. If a motor vehicle is the subject of a lease with | 22 |
an
immediate right of possession vested in the
lessee, the lessee | 23 |
is the owner.
A person listed as the owner on a certificate of | 24 |
title on
which there is a notation of a security interest is the | 25 |
owner.
A buyer or other transferee of a motor vehicle
who | 26 |
receives the certificate of title from the seller or
transferor | 27 |
listing the seller or transferor thereon as the owner
with an | 28 |
assignment of title to the buyer or transferee
nonetheless is the | 29 |
owner even though a subsequent certificate of
title has not been | 30 |
issued listing the buyer or transferee
as the owner. | 31 |
(I) "Motor vehicle" means every vehicle propelled by power | 47 |
other than muscular power or power collected from overhead | 48 |
electric trolley wires, except motorized bicycles, road rollers, | 49 |
traction engines, power shovels, power cranes and other equipment | 50 |
used in construction work and not designed for or employed in | 51 |
general highway transportation, hole-digging machinery, | 52 |
well-drilling machinery, ditch-digging machinery, farm machinery, | 53 |
threshing machinery, hay baling machinery, and agricultural | 54 |
tractors and machinery used in the production of horticultural, | 55 |
floricultural, agricultural, and vegetable products. | 56 |
(K) "Proof of financial responsibility" means proof of | 61 |
ability to respond in damages for liability, on account of | 62 |
accidents occurring subsequent to the effective date of such | 63 |
proof, arising out of the ownership, maintenance, or use of a | 64 |
motor vehicle in the amount of twelvetwenty-five thousand five | 65 |
hundred
dollars because of bodily injury to or death of one person | 66 |
in any
one accident, in the amount of twenty-fivefifty thousand | 67 |
dollars
because of bodily injury to or death of two or more | 68 |
persons in
any
one accident, and in the amount of seven | 69 |
twenty-five thousand five
hundred
dollars because of injury to | 70 |
property of others in any
one
accident. | 71 |
(L) "Motor-vehicle liability policy" means an "owner's | 72 |
policy" or an "operator's policy" of liability insurance, | 73 |
certified as provided in section 4509.46 or 4509.47 of the
Revised | 74 |
Code as proof of financial responsibility, and issued,
except as | 75 |
provided in section 4509.47 of the Revised Code, by an
insurance | 76 |
carrier authorized to do business in this state, to or
for the | 77 |
benefit of the person named therein as insured. | 78 |
Sec. 4509.20. (A) A policy or bond does not comply with | 79 |
divisions (A)(5), (A)(6), and (A)(7) of section 4509.19 of the | 80 |
Revised Code unless issued by an insurance company or surety | 81 |
company authorized to do business in this state, except as | 82 |
provided in division (B) of this section, or unless such policy
or | 83 |
bond is subject, if the accident has resulted in bodily injury
or | 84 |
death, to a limit, exclusive of interest and costs, of not
less | 85 |
than twelvetwenty-five thousand five hundred dollars because of | 86 |
bodily
injury
to or death of one person in any one accident, and, | 87 |
subject to
said limit for one person, to a limit of not less than | 88 |
twenty-fivefifty
thousand dollars because of bodily injury to or | 89 |
death
of two or
more persons in one accident, and, if the accident | 90 |
has
resulted in
injury to, or destruction of property, to a limit | 91 |
of
not less than
seventwenty-five thousand five hundred dollars | 92 |
because of
injury to or
destruction of property of others in any | 93 |
one
accident. | 94 |
(B) A policy or bond does not comply with divisions (A)
(5), | 95 |
(A) (6), and (A) (7) of section 4509.19 of the Revised Code
with | 96 |
respect to any motor vehicle which was not registered in
this | 97 |
state or was a motor vehicle which was registered elsewhere
than | 98 |
in this state at the effective date of the policy or bond or
the | 99 |
most recent renewal thereof, unless the insurance company or | 100 |
surety company issuing such policy or bond is authorized to do | 101 |
business in this state, or if said company is not authorized to
do | 102 |
business in this state unless it executes a power of attorney | 103 |
authorizing the registrar of motor vehicles to accept service on | 104 |
its behalf of notice or process in any action upon such policy or | 105 |
bond arising out of such accident. | 106 |
(B) Shall insure the person named therein and any other | 135 |
person, as insured, using any such motor vehicles with the
express | 136 |
or implied permission of the insured, against loss from
the | 137 |
liability imposed by law for damages arising out of the
ownership, | 138 |
maintenance, or use of such vehicles within the United
States or | 139 |
Canada, subject to monetary limits exclusive of
interest and | 140 |
costs, with respect to each such motor vehicle, as
follows: | 141 |