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

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

10/17/2024

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REGSENSE
Topic Search
Passenger carriers - Financial Responsibility

§387.33T Financial responsibility, minimum levels.

RegSense Federal Motor Carrier Safety Administration (FMCSA), DOT Insurance and risk management - Motor Carrier CFR Regulations Transportation Financial Responsibility Passenger carriers CFR Section Fleet Operations English Focus Area Business planning - Motor Carrier USA

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]

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

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

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