38.3.707 MINIMUM LIMITS OF INSURANCE COVERAGE - BONDS UNACCEPTABLE
(1) Minimum limits of insurance coverage for class A, B, C, 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.