§ 387.303 Security for the protection of the public: Minimum limits.

(a) Definitions. (1) Primary security means public liability coverage provided by the insurance or surety company responsible for the first dollar of coverage.
(2) Excess security means public liability coverage above the primary security, or above any additional underlying security, up to and including the required minimum limits set forth in paragraph (b)(2) of this section.
(b)(1) Motor carriers subject to §  387.301(a)(1) are required to have security for the required minimum limits as follows:
(i) Small freight vehicles:
Kind of equipment Transportation provided Minimum limitsMinimumlimits
Fleet including only vehicles under 10,000001 pounds (4,536 kilograms) GVWR CommoditiesProperty not subject to § 387.303(bnon-hazardous)(2) $300,000
(ii) Passenger carriers.
Kind of Equipment
Vehicle seating capacity Effective dates Nov. 19, 1983 Nov. 19, 1985Minimumlimits
(1A) Any vehicle with a seating capacity of 16 passengers or more (including the driver) $2,500,000 $5,000,000
(2B) Any vehicle withdesigned aor seatingused capacityto oftransport 15 passengers or less (including the driver) for compensation 750,000 1,500,000
(iii) Limits applicable to transit service providers. Notwithstanding the provisions of paragraph (b)(1)(ii) of this section, the minimum level of financial responsibility for a motor vehicle used to provide transportation services within a transit service area under an agreement with a Federal, State, or local government funded, in whole or in part, with a grant under 49 U.S.C. 5307, 5310 or 5311, including transportation designed and carried out to meet the special needs of elderly individuals and individuals with disabilities, will be the highest level required for any of the States in which it operates. This paragraph applies to transit service providers who operate in a transit service area located in more than one State, as well as transit service providers who operate in only one State but interline with other motor carriers that provide interstate transportation within or outside the transit service area. Transit service providers conducting such operations must register as for-hire passenger carriers under part 365, subpart A and part 390, subpart E of this subchapter, identify the State(s) in which they operate under the applicable grants, and certify on their registration documents that they have in effect financial responsibility levels in an amount equal to or greater than the highest level required by any of the States in which they are operating under a qualifying grant.
(2) Motor carriers subject to §  387.301(a)(2) are required to have security for the required minimum limits as follows:
Kind of equipment Commodity transported July 1, 1983* July 1, 1984*Minimumlimits
(ai) Freight Vehiclesvehicles of 10,001 Poundspounds (4,536 kilograms) or Moremore GVWR Property (non-hazardous) $500,000 $750,000
(bii) Freight Vehiclesvehicles of 10,001 Pounds(4,536 kilograms) pounds or Moremore GVWR Hazardous substances, as defined in §  171.8 of this title, transported in cargo tanks, portable tanks, or hopper-type vehicles with capacities in excess of 3,500 water gallons, or in bulk Classexplosives ADivision or1,1, B1.2 explosives,and poison1.3 gasmaterials. (PoisonDivision 2.3, Hazard Zone A) liquefiedmaterial; compressedin gasbulk orDivision compressed2.1 gas,or 2.2; or highway route controlled quantityquantities radioactiveof materialsa Class 7 material, as defined in §  173.455403 of this title 1,000,000 5,000,000
(ciii) Freight Vehiclesvehicles of 10,001 Poundspounds (4,536 kilograms) or Moremore GVWR Oil listed in §  172.101 of this title; hazardous waste, hazardous materials and hazardous substances defined in §  171.8 of this title and listed in §  172.101 of this title, but not mentioned in paragraph (b)(2)(ii) above or paragraph (db)(2)(iv) belowof this section 500,000 1,000,000
(div) Freight Vehiclesvehicles Underunder 10,001 Poundspounds (4,536 kilograms) GVWR Any quantity of ClassDivision A1.1, 1.2, or B1.3 explosivesmaterial; any quantity of poisona gasDivision (Poison2.3, Hazard Zone A);, or highwayDivision route controlled quantity radioactive materials as defined in § 1736.455 1,000,000 5,000,000
*Note: ThePacking effectiveGroup dateI, ofHazard theZone currentA requiredmaterial; minimumor limithighway inroute § 387.303(b)(2)controlled wasquantities Januaryof 6,Class 1983,7 inmaterial accordanceas withdefined thein requirements§ of Pub173.455 L.of 97-424,this 96 Stat. 2097.title 5,000,000
(3) Motor carriers subject to the minimum limits governed by this section, which are also subject to Department of Transportation limits requirements, are at no time required to have security for more than the required minimum limits established by the Secretary of Transportation in the applicable provisions of 49 CFR Part 387—Minimum Levels of Financial Responsibility for Motor Carriers.
(4) Foreign motor carriers and foreign motor private carriers. Foreign motor carriers and foreign motor private carriers (Mexican), subject to the requirements of 49 U.S.C. 13902(c) and 49 CFR part 368 regarding obtaining certificates of registration from the FMCSA, must meet our minimum financial responsibility requirements by obtaining insurance coverage, in the required amounts, for periods of 24 hours or longer, from insurance or surety companies, that meet the requirements of 49 CFR 387.315. These carriers must have available for inspection, in each vehicle operating in the United States, copies of the following documents:
(i) The certificate of registration;
(ii) The required insurance endorsement (Form MCS-90); and
(iii) An insurance identification card, binder, or other document issued by an authorized insurer which specifies both the effective date and the expiration date of the insurance coverage.
(5) Notwithstanding the provisions of §  387.301(a)(1), the filing of evidence of insurance is not required as a condition to the issuance of a certificate of registration. Further, the reference to continuous coverage at §  387.313(a)(6) and the reference to cancellation notice at §  387.313(d) are not applicable to these carriers.
(c) MotorHousehold commongoods motor carriers: Cargo liability. Security required to compensate individual shippers or consignees for loss or damage to property belonging to shippersthem or consignees and coming into the possession of household goods motor carriers in connection with their transportation service, ;
(1) forFor loss of or damage to propertyhousehold goods carried on any one motor vehicle—$5,000,
(2) forFor lessloss of or damage to or aggregate of losses or damages of or to propertyhousehold goods occurring at any one time and place—$10,000.
[47 FR 55944, Dec. 14, 1982,]
Editorial asNote:
For amendedFederal atRegister 48citations FRaffecting 43333,§ Sept387. 23303, 1983;see 48the FRList 45775,of Oct.CFR 7,Sections 1983; 48 FR 51780Affected, Nov.which 14,appears 1983;in 49the FRFinding 1991,Aids Jan.section 17,of 1984;the 49printed FRvolume 27767,and Julyat 6,www.govinfo.gov.
Effective 1984;Date 50Note:
At 82 FR 400305307, OctJan. 117, 1985; 53 FR 369842017, Sept§ 387.303 23was suspended, 1988;effective 54Jan. FR 5203414, Dec2017. 20,At 1989;84 55 FR 4733851433, NovSept. 1330, 1990;2019, 62the FRsuspension 49941,was Sept.lifted 24,and 1997;amendments 67were FRmade 61824,to Oct§ 387.303. 2,In 2002;that 68same FR 56198document, Sept§ 387.303 30,was 2003]again suspended indefinitely.