38.3.709    ANNUAL FINANCIAL REPORTS REQUIRED FOR SELF-INSURANCE

(1) All motor carriers permitted to furnish self-insurance shall annually, on or before April 1st, and at such other times as may be required by the commission, furnish a financial report setting forth a detailed statement of the assets and liabilities of the carrier.

(2) Failure of any carrier to furnish such annual report, or as required, shall be sufficient cause, within the discretion of the commission, for the immediate cancellation, without further notice, of such self-insurance and suspension or cancellation of such carrier's certificate of public convenience and necessity.

(3) This rule shall be supplemental to and not a revocation of any of the provisions of ARM 38.3.707.

History: Sec. 69-12-201, MCA; IMP, Sec. 69-12-402, MCA; NEW, Eff. 11/25/74.