Condition or obligation of security

Va. Code Ann. § 46.2-2055, under Chapter 20. Regulation of Passenger Carriers..

Va. Code Ann. § 46.2-2055

The insurance, bond or other security provided for in § 46.2-2054 shall obligate the insurer or surety to pay any final judgment for (i) injury to any passenger or passengers and (ii) any and all injuries to persons and loss of or damage to property resulting from the negligent operation of any motor vehicle.