Compensation liability insurance not required.

A corporation, association, or organization approved by the commissioner of insurance to provide compensation liability insurance shall not require a motor carrier that contracts with an owner-operator who is acting as an independent contractor pursuant to section 85.61, subsection 12 , paragraph “c” , to purchase compensation liability insurance for the employer’s liability for the owner-operator or its employees. 91 Acts, ch 209, §3 ; 2007 Acts, ch 22, §23 ; 2008 Acts, ch 1031, §101