S.C. Code Regs. § § 38-414

Current through Register Vol. 48, No. 10, October 25, 2024
Section 38-414 - Schedule of Minimum Limits

Insurance policies and surety bonds for bodily injury and property damage will have limits of liability not less than the following:

MOTOR CARRIERS KIND OF EQUIPMENT & CAPACITY LIABILITY LIMITS FREIGHT (All motor vehicles used in the transportation of property.)

1.

10,000 OR MORE POUNDS GVWR.

a.

NON-HAZARDOUS

$ 750,000 per incident

b.

HAZARDOUS

$5,000,000 per incident

(Hazardous substances, as defined in 49 CFR 171.8; Class A or B explosives; liquefied compressed gas or compressed gas; or highway route controlled radioactive materials as defined in 49 CFR 171.455.)

c.

HAZARDOUS

$1,000,000 per incident

(Oil listed in 49 CFR 171.101; hazardous waste, hazardous materials and hazardous substances defined in 49 CFR 171.101 but not mentioned in 1.(b) or 2.(b).)

2.

LESS THAN 10,000 POUNDS GVWR.

a.

NON-HAZARDOUS

$ 300,000 per incident

b.

HAZARDOUS

$5,000,000 per incident

(Any quantity of Class A or B explosives; or highway route controlled quantity radioactive materials as defined in 49 CFR 173.455.)

S.C. Code Regs. § 38-414

Added by State Register Volume 22, Issue No. 3, eff March 27, 1998.