§387.33 Financial responsibility, minimum levels.

The minimum levels of financial responsibility referred to in §387.31 of this subpart are hereby prescribed as follows:

Schedule of Limits

Public Liability

For-hire motor carriers of passengers operating in interstate or foreign commerce.

Vehicle Seating Capacity

Effective Date

Effective Date

November 19, 1983

November 19, 1985

(1) Any vehicle with a seating capacity of 16 passengers or more

$2,500,000

 

$5,000,000

 

(2) Any vehicle with a seating capacity of 15 passengers or less 1

750,000

1,500,000

1 Except as provided in §387.27(b)