North Carolina Utilities Commission Issues Order Involving Trading Post

RALEIGH, North Carolina, May 29 -- The North Carolina Utilities Commission issued the following order (Docket No. T-100, SUB 105) involving The Trading Post:

In the Matter of The Trading Post, Inc., 100 Smith Level Road, Carrboro, North Carolina 27510 - Termination of Liability Insurance

ORDER SUSPENDING CERTIFICATE OF EXEMPTION FOR FAILURE TO MAINTAIN INSURANCE

BY THE COMMISSION: The Commission has been advised by the North Carolina Division of Motor Vehicles that they have received notification from Progressive Southeastern Insurance Company, that your liability coverage will be canceled as of June 7, 2018.

G.S. 62-268 and Commission Rule R2-36 require certain security for the protection of the public and require that such insurance coverage be continuous and failure to maintain on file with the North Carolina Division of Motor Vehicles such insurance coverage on a continuous basis as required by law can result in the revocation and cancellation of your certificate of exemption.

IT IS, THEREFORE, ORDERED as follows:

1. That, Certificate of Exemption No. C-2284 issued to The Trading Post, Inc., is hereby suspended as of June 7, 2018, and further that any operation of its vehicles, leased or owned, upon the public highways of this State on and after said date is illegal and is hereby, prohibited.

2. That the filing with the North Carolina Division of Motor Vehicles, For-Hire Section, of the required certificate of insurance (Form E) prior to the date the suspension begins will cause the suspension ordered herein to become null and void and of no further force and effect. Alternatively, the required insurance filing (Form E) may be provided to the Chief Clerk's Office, North Carolina Utilities Commission, 4325 Mail Service Center, Raleigh, North Carolina 27699-4300.

ISSUED BY ORDER OF THE COMMISSION.

This the 29th day of May, 2018.

NORTH CAROLINA UTILITIES COMMISSION

Linnetta Threatt, Deputy Clerk