A. All motor carriers shall keep in force at all times insurance, a bond, or bonds in an amount required by this section.

B. The minimum public liability financial responsibility requirements for motor carriers operating in intrastate commerce shall be $ 750,000. The minimum insurance for motor carriers operating in interstate commerce shall equal the minimum required by federal law, rule, or regulation.

C. The minimum cargo insurance required for motor carriers operating in intrastate commerce shall be $ 50,000. Motor carriers engaged exclusively in the transportation of bulk commodities shall not be required to file any cargo insurance, bond, or bonds for cargo liability.

D. Any motor carrier that meets the minimum federal financial responsibility requirements and also operates in intrastate commerce may submit, in lieu of a separate filing for its intrastate operation pursuant to § 46.2-2143, proof of the minimum federal limits, provided that (i) both interstate and intrastate operations are insured, (ii) the public liability filed is at least $ 750,000, and (iii) any cargo insurance requirements of this section have been met.

History

2012, c. 638.