N.H. Admin. Code § Saf-C 4504.02

Current through Register No. 44, October 31, 2024
Section Saf-C 4504.02 - Indemnity Bond
(a) The penal sum of any indemnity bond filed with the bureau shall not be less than that required for insurance policies as set forth below in Table 4500.1, Insurance Coverage:

Table 4500.1 Insurance Coverage

Passenger Vehicle Seating Capacity (Inclusive)

For Bodily Injuries to or Death of One Person

For Bodily Injuries to or Death in any one Accident

Damage in Any One Accident to the Property of Others

1-7 pass.

$100,000

$700,000

$100,000

8-12 pass.

$100,000

$1,500,000

$100,000

13-20 pass.

$100,000

$5,000,000

$100,000

21-30 pass.

$100,000

$5,000,000

$100,000

Over 30 pass.

$100,000

$5,000,000

$100,000

(b) Each bond shall contain at least 2 sureties.
(c) The bureau shall only accept surety on the bond from surety companies authorized to do business in this state.

N.H. Admin. Code § Saf-C 4504.02

#5853, eff 6-23-94; ss by #7239, eff 6-23-00, EXPIRED: 6-23-08

New. #9378, eff 1-30-09

Amended by Volume XXXVII Number 32, Filed August 10, 2017, Proposed by #12357, Effective 8/2/2017, Expires 8/2/2027.