1. (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

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

Source. #5853, eff 6-23-94; ss by #7239, eff 6-23-00, EXPIRED: 6-23-08 New. #9378, eff 1-30-09; ss by #12357, eff 8-2-17