New Hampshire Code of Administrative Rules
Saf - Department of Safety
Subtitle Saf-C - Commissioner, Department of Safety
Chapter Saf-C 4500 - MOTOR CARRIERS OF PASSENGERS
Part Saf-C 4504 - INSURANCE
Section Saf-C 4504.02 - Indemnity Bond
Current through Register No. 40, October 3, 2024
(a) The penal sum of any indemnity bond filed with the bureau shall not be less than that required for insurance policies as set forth below in Table 4500.1, Insurance Coverage:
Table 4500.1 Insurance Coverage
|
Passenger Vehicle Seating Capacity (Inclusive) |
For Bodily Injuries to or Death of One Person |
For Bodily Injuries to or Death in any one Accident |
Damage in Any One Accident to the Property of Others |
|
1-7 pass. |
$100,000 |
$700,000 |
$100,000 |
|
8-12 pass. |
$100,000 |
$1,500,000 |
$100,000 |
|
13-20 pass. |
$100,000 |
$5,000,000 |
$100,000 |
|
21-30 pass. |
$100,000 |
$5,000,000 |
$100,000 |
|
Over 30 pass. |
$100,000 |
$5,000,000 |
$100,000 |
(b) Each bond shall contain at least 2 sureties.
(c) The bureau shall only accept surety on the bond from surety companies authorized to do business in this state.
#5853, eff 6-23-94; ss by #7239, eff 6-23-00, EXPIRED: 6-23-08
New. #9378, eff 1-30-09
