['Business planning - Motor Carrier', 'Passenger carriers']
['Financial Responsibility', 'Insurance and risk management - Motor Carrier']
08/20/2024
...
Except as provided in §387.27(b), the minimum levels of financial responsibility referred to in §387.31 are hereby prescribed as follows:
SCHEDULE OF LIMITS
Public Liability
For-hire motor carriers of passengers operating in interstate or foreign commerce.
Vehicle seating capacity | Minimum limits |
---|---|
(a) Any vehicle with a seating capacity of 16 passengers or more, including the driver | $5,000,000 |
(b) Any vehicle with a seating capacity of 15 passengers or less, including the driver | 1,500,000 |
[82 FR 5307, Jan. 17, 2017; 83 FR 22877, May 17, 2018]
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['Business planning - Motor Carrier', 'Passenger carriers']
['Financial Responsibility', 'Insurance and risk management - Motor Carrier']
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