Section 1040 Of Article 2. Passenger Stage Corporations From California Public Utilities Code >> Division 1. >> Part 1. >> Chapter 5. >> Article 2.
1040
. The commission shall, in issuing a certificate pursuant to
this article, require the passenger stage corporation to procure, and
to continue in effect during the life of the certificate, adequate
protection against liability imposed by law upon the corporation for
the payment of damages for personal bodily injuries, including death
resulting therefrom, protection against a total liability of the
corporation on account of bodily injuries to, or death of, more than
one person as a result of any one accident, and protection against
damage or destruction of property.
The minimum requirements for these assurances of protection
against liability shall not be less than the requirements which are
applicable to operations of carriers conducted pursuant to the
federal Bus Regulatory Reform Act of 1982 (P.L. 97-261), as amended.
However, for vehicles designed to carry not more than eight persons,
including the driver, the commission shall not require protection
against a total liability of the corporation on account of bodily
injuries to, or death of, more than one person as a result of any one
accident in an amount exceeding seven hundred fifty thousand dollars
($750,000).