OAR 740-040-0030
Cargo Insurance
(1)
All Class 1A, 1G, 1B, and 1C for-hire carriers are required under ORS 825.162 (Cargo insurance) to have cargo insurance. A policy or a certificate of insurance in the minimum amount of $10,000, signed by the carrier’s insurer, must be filed with the Department of Transportation.(2)
The Department may waive the requirement for cargo insurance in circumstances where a carrier makes a sufficient showing that its service is limited to commodities not subject to material damage or loss through ordinary transportation hazards. Commodities not subject to material damage or loss through ordinary transportation hazards include, but shall not be limited to: Sand, gravel, rock, dirt, debris, cinders, wet ready-mix concrete, metallic ores and concentrates; logs, poles, piling, and cut trees; cordwood, wood chips, lumber, shingles, veneer, plywood, particle board, wallboard, and siding; unprocessed agricultural commodities; fish scrap; newspapers; garbage and waste material for recycling; compressed motor vehicle bodies; and water.
Source:
Rule 740-040-0030 — Cargo Insurance, https://secure.sos.state.or.us/oard/view.action?ruleNumber=740-040-0030.