Section Trans 129.21 - Insurance and bond requirements(1) A rider education provider shall do all of the following: (a) Hold minimum insurance of not less than $500,000 because of bodily injury to or death of one person in any one accident and, subject to that limit for one person, to a limit of not less than $500,000 because of bodily injury to or death of 2 or more persons in any one accident and, if the accident has resulted in injury to or destruction of property, to a limit of not less than $50,000 because of injury to or destruction of property of others in any one accident.(c) Maintain a standard liability insurance of not less than $500,000.(d) File certification of insurance with the department with the application for license.(e) Require the insurance carrier to notify the department not less than 30 days before the policy expires or is materially changed or canceled.(2) The rider education provider shall obtain a surety bond or provide an acceptable alternative based on size in accordance with the following table:(3) The surety bond shall allow students to apply to the bond company for reimbursement of monies advanced for rider courses if the obligations of the rider course provider to provide instruction sufficient to qualify successful students for a skill test waiver or demerit point reduction are not met.(4) A copy of the bond or evidence of acceptable alternative shall be provided to the department with the application for license.Wis. Admin. Code Department of Transportation Trans 129.21
CR 07-084: cr. Register February 2008 No. 626, eff. 3-1-08.Amended by, CR 23-043: am. (1) (intro.), r. (1) (b), am. (2) (intro.), r. and recr. (3) Register November 25 No. 827, eff. 12/1/2024