                                 CODE OF VIRGINIA

INSURANCE REQUIREMENT FOR MOTOR CARRIERS (§ 46.2-2143.1)

A. All motor carriers shall keep in force at all times insurance, a bond, or
bonds in an amount required by this section. However, motor carriers exempt
under subdivision 6 of &#xA7; 46.2-2101 shall only be required to keep in force
insurance, a bond, or bonds in the amount required by this section that provide
primary coverage (i) when the motor carrier or person acting on behalf of the
motor carrier is available to transport property for compensation and (ii) from
the time the motor carrier or a person acting for or on behalf of the motor
carrier accepts the request to transport property and the vehicle is en route to
pick up the property until the time the property has been removed from the
vehicle and delivered to its final destination.

B. The minimum public liability financial responsibility requirements for motor
carriers operating in intrastate commerce shall be based on the gross vehicle
weight rating of the vehicle as follows: for vehicles with a gross vehicle
weight rating in excess of 10,000 pounds, the minimum requirement is $750,000;
for vehicles with a gross vehicle weight rating in excess of 7,500 pounds but
not in excess of 10,000 pounds, the minimum requirement is $300,000; and for
passenger cars, motorcycles, autocycles, and vehicles with a gross vehicle
weight rating of 7,500 pounds or less, the minimum requirement for clause (i) of
subsection A is the financial responsibility requirements set forth in &#xA7;
46.2-472 and for clause (ii) of subsection A is $100,000 per person and $300,000
per incident for death and bodily injury and at least $50,000 for property
damage. The minimum insurance for motor carriers operating in interstate
commerce shall equal the minimum required by federal law, rule, or regulation.

C. Notwithstanding subsection B, the minimum public financial responsibility
requirements for household goods carriers required to obtain a certificate of
fitness pursuant to this chapter shall be $750,000.

D. The minimum cargo insurance required for motor carriers operating in
intrastate commerce shall be $50,000. Motor carriers not engaged in the
transportation of household goods and those solely operating passenger cars,
motorcycles, autocycles, and vehicles with a gross vehicle weight rating of
7,500 pounds or less shall not be required to file any cargo insurance, bond, or
bonds for cargo liability.

HISTORY: 2012, c. 638; 2017, cc. 790, 815; 2023, c. 242.