N.H. Admin. Code § Saf-C 4504.02

Current through Register No. 45, November 7, 2024

Section Saf-C 4504.02 - Indemnity Bond

(a) The penal sum of any indemnity bond filed with the bureau shall not be less than that required for insurance policies as set forth below in Table 4500.1, Insurance Coverage:

Table 4500.1 Insurance Coverage

Passenger Vehicle Seating Capacity (Inclusive)	For Bodily Injuries to or Death of One Person	For Bodily Injuries to or Death in any one Accident	Damage in Any One Accident to the Property of Others
1-7 pass.	$100,000	$700,000	$100,000
8-12 pass.	$100,000	$1,500,000	$100,000
13-20 pass.	$100,000	$5,000,000	$100,000
21-30 pass.	$100,000	$5,000,000	$100,000
Over 30 pass.	$100,000	$5,000,000	$100,000

(b) Each bond shall contain at least 2 sureties.

(c) The bureau shall only accept surety on the bond from surety companies authorized to do business in this state.

N.H. Admin. Code § Saf-C 4504.02

#5853, eff 6-23-94; ss by #7239, eff 6-23-00, EXPIRED: 6-23-08

New. #9378, eff 1-30-09

Amended by Volume XXXVII Number 32, Filed August 10, 2017, Proposed by #12357, Effective 8/2/2017, Expires 8/2/2027.