Minimum limits of liability security

Minimum limits of liability security. (1) The minimum limits of liability security for bodily injury and property damage liability required under this chapter are: (a) For-hire property carriers: (ag) For purposes of par. (a) : 1. “Hazardous material” means a substance or material which has been determined by the U.S. secretary of transportation to be capable of posing an unreasonable risk to health, safety and property when transported in commerce, and which has been so designated. 2. “Hazardous substance” means a material, and its mixtures or solutions, that is identified by the letter “E” in Column 1 of the Table to 49 CFR 172.101 when offered for transportation in one package, or in one transport vehicle if not packaged, and when the quantity of the material therein equals or exceeds the reportable quantity (RQ). This definition does not apply to petroleum products that are lubricants or fuels; or to a mixture or solution containing a material identified by the letter “E” in Column 1 of the Table to 49 CFR 172.101 if it is in a concentration less than that shown in the following table based on the reportable quantity (RQ) specified for the materials in Column 2 of the Table to 49 CFR 172.101 : 3. “Hazardous waste” means any material that is subject to the hazardous waste manifest requirements of the EPA specified in 40 CFR Part 262 or would be subject to these requirements absent an interim authorization to a state under 40 CFR Part 123 , Sub-part F. 4. “In bulk” means the transportation, as cargo, of property, except Class A and B explosives and poison gases, in containment systems with capacities in excess of 3,500 water gallons. 5. “In bulk Class A and B explosives” means the transportation, as cargo, of any Class A or B explosive or explosives in any quantity. 6. “In bulk poison gas” means the transportation, as cargo, of any poison gas in any quantity. (ar) For purposes of par. (a) either a combined single limit or a split limit policy is acceptable. If a split limit policy is utilized, each individual limit must meet the minimum level of coverage required. (b) For passenger vehicles: (2) In accordance with s. 121.53 (1) (e) , Stats., for school buses with a seating capacity of 37 or more passengers, the minimum total limit of bodily injury liability insurance coverage per accident is $1,000,000.