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38.3.706    ENDORSEMENTS

(1) All insurance policies issued by the insurance company to the carrier must include, at time of issuance, the terms, conditions and requirements set forth in this rule and repeated on endorsement forms approved by the commission and identified as "Endorsement MV4" and "Endorsement MV2" available from the office of the commission.

(2) The following terms, conditions and requirements are deemed a substantive part of all policies issued, and are incorporated therein:

(a) Cargo insurance for household good carriers (Endorsement MV2) shall be issued in an amount no less than $10,000.

(b) Casualty (liability) insurance (Endorsement MV4) shall be issued in an amount no less than:

(i) $100,000 for 7 passengers or less;

(ii) $500,000 for 8 to 15 passengers;

(iii) $750,000 for 16 to 30 passengers;

(iv) $5,000,000 for 31 passengers or more;

(v) except any motor carrier, other than as provided in (b)(i) above, operating under a certificate of public convenience and necessity authorizing passenger operations only within a particular city or 10 mile radius thereof is required to carry a minimum of $500,000 insurance regardless of size of vehicle used;

(vi) $100,000 for transportation of nonhazardous freight in a vehicle designed, equipped and primarily intended for transportation of seven passengers or less or a vehicle of manufacturer's GVW rating of 10,000 pounds or less designed, equipped, and primarily intended for transportation of cargo;

(vii) $500,000 for transportation of nonhazardous freight for all other vehicles.

(3) These endorsements must be executed, countersigned and attached to the original policy when issued.

History: 69-12-201, MCA; IMP, 69-12-402, MCA; Eff. 12/31/72; AMD, 1990 MAR p. 1263, Eff. 9/1/90; EMERG, AMD, 1991 MAR p. 360, Eff. 3/29/91; AMD, 1997 MAR p. 1062, Eff. 6/24/97; AMD, 2011 MAR p. 2420, Eff. 1/1/12; AMD, 2012 MAR p. 1274, Eff. 6/22/12.

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