Wis. Admin. Code Department of Transportation Trans 105.10 - Insurance and bond requirements
(1) A driver school
shall do all of the following:
(a) Hold
minimum insurance of not less than $500,000 because of bodily injury to or
death of one person in any one accident and, subject to that limit for one
person, to a limit of not less than $500,000 because of bodily injury to or
death of 2 or more persons in any one accident and, if the accident has
resulted in injury to or destruction of property, to a limit of not less than
$50,000 because of injury to or destruction of property of others in any one
accident.
(b) Adjust the insurance
amounts under par. (a) every 5 years by multiplying the requirement amounts by
the percentage increase of the consumer price index from January 1, 2007 to
January 1 of the next fifth year [2012, 2017] and adding that amount to the
amounts in par. (a) rounded to the nearest $10,000 increment.
(c) Maintain a standard liability insurance
of not less than $500,000.
(d) File
certification of insurance with the department.
(e) Require the insurance carrier to notify
the department not less than 30 days before the policy expires or is materially
changed or canceled.
(2)
The schools shall file a bond or acceptable alternative based on size and
performance. The size of the school and points assessed during the last
previous license period shall be used to calculate the bond amount.
CALCULATIONS
|
Number of Point in 24 Months |
0 |
1-2 |
3-6 |
7 or More |
|
School Size based on Signed Completion Slips for the prior period |
||||
|
0-300 |
$5,000 |
$10,000 |
$15,000 |
$30,000 |
|
301-1100 |
$10,000 |
$15,000 |
$20,000 |
$45,000 |
|
1101 or more |
$15,000 |
$20,000 |
$25,000 |
$60,000 |
(3)
Customer shall apply to bond company if obligations of the training contract
cannot be met.
(4) Points are
assessed based on violation frequency and severity. Points are assessed based
on the system specified in s.
Trans
105.11.
(5) Certification of the bond must be filed
with the department at renewal of the school license.
Notes
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