['Passenger carriers', 'Business planning - Motor Carrier']

['Financial Responsibility', 'Insurance and risk management - Motor Carrier']

10/17/2024

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§387.33T Financial responsibility, minimum levels.

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§387.33T Financial responsibility, minimum levels.

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

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