What does Motor Carrier Act of 1980 mean? Read on to discover the definition & meaning of the term Motor Carrier Act of 1980 - to help you better understand the language used in insurance policies.
Motor Carrier Act of 1980
Requires certain vehicles to carry minimum limits of insurance coverage to satisfy public liability and environmental restoration claims that may arise from accidents. The minimum required limits range from $750,000 to $1 million to $5 million per accident, depending on the type of commodity transported (i.e., nonhazardous or hazardous and, in the case of hazardous substances, the specific category of such).
We hope the you have a better understanding of the meaning of Motor Carrier Act of 1980.