Illinois Administrative Code
Title 92 - TRANSPORTATION
Part 1425 - FINANCIAL RESPONSIBILITY OF CARRIERS
Subpart A - INSURANCE OR BOND COVERAGE
Section 1425.50 - Collect On Delivery ("C.O.D.") Bond Coverage
Universal Citation: 92 IL Admin Code ยง 1425.50
Current through Register Vol. 48, No. 38, September 20, 2024
a) The minimum amount of C.O.D. insurance or bond coverage required of a motor common carrier of property for each shipper or consignee for failure of the carrier to remit payment of C.O.D. monies is $10,000.
b) Waiver of requirement. An intrastate motor common carrier of property may be excused from the requirement of filing proof of C.O.D. insurance or bond coverage if:
1) The carrier has filed with the Commission
a completed copy of the Commission's C.O.D. Bond Waiver Affidavit form stating
that the carrier will not, at any time, accept a C.O.D. shipment, and the
carrier does not, at any time, accept a C.O.D. shipment; and
2) The carrier advises each shipper in
writing, prior to rendition of the service, that it does not accept C.O.D.
shipments. The burden of proving compliance with this latter requirement shall
be on the carrier.
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