7 CSR 265-10.030 - Insurance
(1) Proof of Coverage and Minimum Limits of
Public Liability for Intrastate Carriers. Every motor carrier operating any
motor vehicle in intrastate commerce by authority of the commission shall at
all times have on file with and approved by the commission proof of public
liability insurance or bond for the limits of liability as required by the
commission. The proof of public liability insurance shall state that the
insurer has issued to the motor carrier a policy of insurance which by
endorsement provides automobile bodily injury and property damage liability
insurance covering the obligations imposed upon the motor carrier by the
provisions of the laws of this state. A completed and executed endorsement
shall be attached to the public liability insurance policy and form a part of
it and amends the insurance policy to which it is attached to assure compliance
with this rule by the motor carrier. A true copy of the insurance policy with
the endorsement attached shall be maintained at the motor carrier's principal
place of business, and produced upon request for inspection by the commission.
An executed surety bond may be accepted in lieu of a certificate of public
liability insurance.
(2) Filing
Proof of Insurance. The insurance company or its authorized underwriter shall
electronically file proof of insurance on behalf of a motor carrier using the
MoDOT Carrier Express business application. Upon request of the commission, any
insurance company that has filed or offers to file proof of insurance shall
furnish evidence satisfactory to the commission that the insurance company
issuing the policy or bond is duly authorized to transact business in Missouri
and to issue the policy offered, and that it is financially able to meet its
obligations.
(3) Proof of Coverage
of Cargo Liability for Transportation of Household Goods. Each vehicle while
transporting household goods in intrastate commerce within this state shall be
covered by a surety bond or certificate of cargo insurance filed with and
approved by the commission for the limits of liability as established by the
commission. A completed and executed endorsement shall be attached to the cargo
insurance policy and form a part of it and amend the policy to which it is
attached to assure compliance with this rule by the motor carrier. An insurance
company or surety shall file separate certificates or bonds, whenever it
provides both cargo liability and public liability coverage for a motor carrier
of household goods.
(4) Rejection
of Proof of Insurance. The commission may reject any document or information
filed or offered for filing, or may declare it invalid at any time, and shall
notify the motor carrier of the rejection.
(5) Cancellation and Reinstatement of Proof
of Insurance. An insurer shall give the commission not less than ten (10) days
notice of the cancellation of motor carrier bodily injury and property damage
liability insurance certificate or bond or motor carrier cargo insurance
certificate or bond, by filing with the commission the required notice of
cancellation form. After cancellation in accordance with this section, a new
certificate of insurance or surety bond must be filed to reinstate coverage for
the motor carrier.
(6) Replacement
Coverage. Policies of insurance and surety bonds may be replaced by other
policies of insurance or surety bonds. The liability of the retiring insurer or
surety shall be considered terminated on the effective date of the replacement
policy of insurance or surety bond if accepted by the commission; except that
if a cancellation notice under section (5) of this rule is received prior to
receipt of the replacement certificate of insurance or surety bond, the
liability of the retiring insurer or surety shall be considered as terminated
at the end of the required ten- (10-) day cancellation period.
Notes
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