HD3 - A Study of Liability Insurance Requirements of Passenger Buses

  • Published: 1984
  • Author: State Corporation Commission
  • Enabling Authority: House Joint Resolution 24 (Regular Session, 1983)

Executive Summary:
The State Corporation Commission requires liability insurance limits of $100,000/$500,000/$50,000 for vehicles having a seating capacity of 13 or more passengers and $100,000/$300,000/$50,000 for vehicles having a seating capacity of 12 passengers or less.

Interestingly, Virginia's insurance requirements for intrastate passenger carriers are the same requirements as those presently imposed by the Interstate Commerce Commission on passenger carriers subject to their regulation, $100,000/$500,000/$50,000 for more than 12 passengers and $100,000/$300,000/$50,000 for 12 passengers or less.

The insurance levels currently required by the ICC will be increased no later than November 19, 1983. Pursuant to the new Bus Regulatory Reform Act of 1982, the Secretary of Transportation is required to increase the current minimum levels of insurance to levels within certain limits prescribed by Congress.