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38.3.707    MINIMUM LIMITS OF INSURANCE COVERAGE - BONDS UNACCEPTABLE

(1) Minimum limits of insurance coverage for class A and D carriers as required by this commission are outlined in Endorsement MV-4 and Endorsement MV-2.

(2) Minimum limits of insurance coverage for class E carriers are specified in 69-12-343, MCA and outlined in Endorsement MV-TNC.

(3) Bonds in lieu of insurance coverage are not acceptable for carriers.

 

History: 69-12-201, MCA; IMP, 69-12-402, MCA; Eff. 12/31/72; AMD, 2011 MAR p. 2420, Eff. 1/1/12; AMD, 2015 MAR p. 1276, Eff. 8/28/15; AMD, 2021 MAR p. 1556, Eff. 11/6/21; AMD, 2023 MAR p. 1625, Eff. 11/18/23.
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