Ala. Admin. Code r. 770-X-10-.04-.02

Current through Register Vol. 43, No. 02, November 27, 2024

Section 770-X-10-.04-.02 - Cargo Insurance

The minimum amount of security required to compensate shippers or consignees for loss of or damage to property belonging to shippers or consignees and coming into the possession of common carriers of property in connection with their transportation service shall be at least $5,000.00; provided, however, that if the common carrier establishes by sworn affidavit or otherwise that the maximum value of any cargo he ordinarily and regularly carriers is less than $5,000.00, the minimum amount of security required shall be equivalent to such value, but not less than $1,000.00. This provision shall not apply to persons engaged exclusively in interstate commerce.

Effective January 1978. Filed with LRS February 5, 2013. Filed for Codification in the Alabama Administrative Code by the Alabama Public Service Commission on February 5, 2013, pursuant to Code of Ala. 1975, § 41-22-7.

Author: Alabama Public Service Commission

Statutory Authority:Code of Ala. 1975, §§ 37-3-5, 37-3-7.