Mich. Admin. Code R. 281.3129
Current through Vol. 24-19, November 1, 2024
Rule 129. The owner of a vessel shall carry marine liability insurance for bodily injury. The insurance coverage shall be for 1 year and shall be renewed annually. The amount of the coverage, per accident, shall be not less than $50,000.00 multiplied by the number of passengers authorized to be carried by the certificate of inspection. However, each vessels carrying more than 10 passengers shall carry not less than $1,000,000.00 coverage per accident.
Mich. Admin. Code R. 281.3129