Md. Code Regs. 20.90.02.19 – Insurance or Bond.

A. Liability Insurance.
1. (1) If the owner of a taxicab or taxicabs elects to use liability insurance as authorized under Public Utilities Article, §10-207, Annotated Code of Maryland, the minimum insurance coverage for each accident is either:
  1. (a) All of the following:
    1. (i) $30,000 for injury to any one person;
    2. (ii) $60,000 for injury to two or more persons; and
    3. (iii) $15,000 for property damage; or
  2. (b) $75,000 combined single limit.
2. (2) The term of the insurance coverage under §A(1) of this regulation is 6 months or more.

B. Bond in Lieu of Insurance.

(1) If the owner of a taxicab or taxicabs elects to use a bond as authorized under Public Utilities Article, §10-207, Annotated Code of Maryland, the amount of the bond is as set out in the following table:

Number of Taxicabs	Required Amount of Bond
For one taxicab only	$ 75,000
2 to 5 taxicabs, inclusive	90,000
6 to 15 taxicabs, inclusive	105,000
16 to 30 taxicabs, inclusive	120,000
31 to 50 taxicabs, inclusive	135,000
51 to 80 taxicabs, inclusive	150,000
81 to 120 taxicabs, inclusive	165,000
121 to 170 taxicabs, inclusive	180,000
171 to 230 taxicabs, inclusive	195,000
231 to 300 taxicabs, inclusive	210,000

(2) The bonding company shall guarantee the prompt payment by the taxicab owner of indemnities for personal injuries or for property damage resulting from any accident due to the negligence of the owner or the driver of the covered vehicle, to the extent of the damages sustained, but not to exceed, for any one accident involving any taxicab:
1. (a) $30,000 for injury to any one person;
2. (b) $60,000 for injury to two or more persons; and
3. (c) $15,000 for property damage.
(3) The Public Service Commission shall be shown as a certificate holder on the liability insurance policy, self-insurance certificate, security, or bond.
(4) The penalty of the security or bond may not be exhausted by successive recoveries but shall remain unimpaired until the security or bond shall be canceled after statutory notice to the Public Service Commission or by action of the Public Service Commission.
(5) If the self-insurance policy, security, or bond is canceled or the taxicab operation terminated or interrupted at any time, the security or bonding company shall proceed to make settlement of all then outstanding indemnity claims, in conformity with the limitations of §B(2), of this regulation, except that the aggregate amount of the settlements may not exceed the penal sum of the bond.
(6) Compliance with Public Utilities Article, §10-207, Annotated Code of Maryland, as to insurance shall be evidenced by depositing with the Public Service Commission the insurance policy, or a certificate from the insurance company signed by an authorized agent, that the policy has been issued, specifying the terms of the policy, description of the taxicab, and name of the assured.

C. Notice of Cancellation. Written cancellation or revocation of an insurance policy, self-insurance certificate, security, or bond shall be submitted to the Public Service Commission 45 days before an insurance policy, self-insurance certificate, security, or bond may be canceled as required under Public Utilities Article, §10-207, Annotated Code of Maryland. Cancellation or revocation of an insurance policy or bond issued by the Maryland Automobile Insurance Fund shall be submitted to the Public Service Commission 30 days before an insurance policy or bond issued by the Maryland Automobile Insurance Fund may be canceled as required under Public Utilities Article, §10-207, Annotated Code of Maryland.

Authority: Public Utilities Article, §§2-113, 2-121, 4-503, 5-101, 6-202—6-207, 10-101—10-107,
10-109, 10-110, 10-202—10-210, 10-301, 13-101, 13-201, and 13-202, Annotated Code of Maryland

Effective date: December 30, 1964 (Order No. 55745)

Regulation .01 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .03 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .04 amended effective September 2, 1991 (18:17 Md. R. 1921)

Regulation .04B amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .04H—J amended effective August 16, 1982 (9:16 Md. R. 1608)

Regulation .05 repealed effective June 5, 2017 (44:11 Md. R. 526)

Regulation .06 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .07 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .08 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .09B, C amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .10 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .11 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .12 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .13 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .14 repealed effective June 5, 2017 (44:11 Md. R. 526)

Regulation .15B, C amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .16 amended effective June 5, 2017 (44:11 Md. R. 526); February 7, 2022 (49:3 Md. R. 139)

Regulation .16D amended effective February 28, 1994 (21:4 Md. R. 278); August 15, 1994 (21:16 Md. R. 1390); February 8, 1999 (26:3 Md. R. 176)

Regulation .16D and E adopted effective November 15, 1977 (Order No. 62596)

Regulation .16D and E amended effective September 2, 1991 (18:17 Md. R. 1921)

Regulation .16E repealed effective February 28, 1994 (21:4 Md. R. 278)

Regulation .16F amended effective May 10, 1982 (9:9 Md. R. 912)

Regulation .16K amended effective December 24, 2001 (28:25 Md. R. 2193)

Regulation .16L adopted effective April 10, 1995 (22:7 Md. R. 538)

Regulation .17 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .18 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .18G adopted effective September 28, 1992 (19:19 Md. R. 1713)

Regulation .19 adopted effective June 29, 1966 (Order No. 56356)

Regulation .19 amended effective January 23, 2012 (39:1 Md. R. 21)

Regulation .19A amended effective April 10, 1995 (22:7 Md. R. 538)

Regulation .19B, C amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .20 adopted effective May 31, 1971 (Order No. 59299)

Regulation .20 repealed effective June 5, 2017 (44:11 Md. R. 526)

Regulation .21 repealed and new Regulation .21 adopted effective January 20, 1992 (19:1 Md. R. 34)

Regulation .21 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .21A amended effective June 15, 1998 (25:12 Md. R. 948)

Regulation .21B amended effective December 19, 1994 (21:25 Md. R. 2109); April 10, 1995 (22:7 Md. R. 538); December 24, 2001 (28:25 Md. R. 2193)

Regulation .21C adopted effective December 19, 1994 (21:25 Md. R. 2109)

Regulation .21C amended effective February 13, 2006 (33:3 Md. R. 243)

Regulation .22 adopted effective August 16, 1982 (9:16 Md. R. 1608)

Regulation .22 amended effective June 5, 2017 (44:11 Md. R. 526)

Regulation .22D amended effective November 22, 1982 (9:23 Md. R. 2261)

Regulation .23 adopted effective June 5, 2017 (44:11 Md. R. 526)

Chapter revised effective April 9, 2018 (45:7 Md. R. 346)