NAC706.288. Insurance.

Each common or contract motor carrier of property, other than a fully regulated carrier, and each private motor carrier shall maintain a contract of insurance against liability for injury to persons and damage to property in the following minimum amounts:

     1. If the carrier is authorized to transport only freight:

	Limit for bodily injuries to or death of one person	Limit for bodily injuries to or death of all persons injured or killed in any one accident	Limit for loss or damage in any one accident to property of others, excluding cargo
A motor vehicle or a combination of vehicles with a gross vehicle weight rating of 10,001 to 26,000 pounds	$300,000	$300,000	$300,000
A motor vehicle or a combination of vehicles with a gross vehicle weight rating of 26,001 to 80,000 pounds	750,000	750,000	750,000

Ê Any of these amounts may be a single combined limit.

     2. If the carrier is authorized to transport hazardous commodities, the carrier must maintain the limits as specified in 49 C.F.R. § 387.303.

     3. Except as otherwise provided in subsection 4, each common or contract motor carrier of property, other than a fully regulated carrier, shall maintain insurance in the following minimum amounts to compensate shippers or consignees for loss of or damage to property belonging to shippers or consignees which comes into the possession of a common or contract motor carrier or a private motor carrier in connection with his or her services:

     (a) For loss of or damage to property carried on any one motor vehicle, $15,000.

     (b) For loss of or damage to property occurring at any one time and place, or an aggregate of such losses or damages to property, $30,000.

     4. If the minimum amount of insurance required to be maintained pursuant to Title 49 of the Code of Federal Regulations is increased above the amount listed in this section, the common or contract motor carrier of property or the private motor carrier shall, at all times, maintain insurance in an amount that is equal to or greater than the federally required minimum amount.

     (Added to NAC by Dep’t of Motor Veh. & Pub. Safety, eff. 11-29-95; A by Dep’t of Motor Veh. by R062-06, 6-28-2006)