265.7(1)Notwithstanding any provision of this Act or any other Act and subject to subsection (2), every commercial vehicle required to be registered under this Act shall be covered by a policy of insurance that insures, in respect of any one accident, to the limit of at least one million dollars, exclusive of interest and costs, against loss or damage resulting from bodily injury to or the death of one or more persons and loss of or damage to property.

265.7(2)Every commercial vehicle required to be registered under this Act, that is used in the transportation of dangerous goods as defined in the Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act, shall be covered by a policy of insurance that insures, in respect of any one accident, to the limit of at least two million dollars, exclusive of interest and costs, against loss or damage resulting from bodily injury to or the death of one or more persons and loss of or damage to property.

265.7(3)No person shall operate and no carrier shall permit to be operated a commercial vehicle not covered by a policy of insurance as required by subsection (1) or (2).

265.7(4)Subsections 17.1(3) and (4), subsection 28(1.1) and section 105 apply with the necessary modifications in respect of a policy of insurance as required by subsection (1) or (2).

265.7(5)Subject to subsection (6), the reference to two hundred thousand dollars in section 282 and paragraph 283(1)(d) shall be read as a reference to one million dollars in relation to carriers and drivers of commercial vehicles.

265.7(6)The reference to two hundred thousand dollars in section 282 and paragraph 283(1)(d) shall be read as a reference to two million dollars in relation to carriers and drivers of commercial vehicles who are engaged in the transportation of dangerous goods as defined in the Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act.

265.7(7)Subject to subsection (8), the reference to one million dollars in subsection 283(3) shall be read as a reference to five million dollars in relation to carriers with ten or more commercial vehicles.

265.7(8)The reference to one million dollars in subsection 283(3) shall be read as a reference to ten million dollars in relation to carriers with ten or more commercial vehicles who are engaged in the transportation of dangerous goods as defined in the Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act.

265.7(1)Notwithstanding any provision of this Act or any other Act and subject to subsection (2), every commercial vehicle required to be registered under this Act shall be covered by a policy of insurance that insures, in respect of any one accident, to the limit of at least one million dollars, exclusive of interest and costs, against loss or damage resulting from bodily injury to or the death of one or more persons and loss of or damage to property.

265.7(2)Every commercial vehicle required to be registered under this Act, that is used in the transportation of dangerous goods as defined in the Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act, shall be covered by a policy of insurance that insures, in respect of any one accident, to the limit of at least two million dollars, exclusive of interest and costs, against loss or damage resulting from bodily injury to or the death of one or more persons and loss of or damage to property.

265.7(3)No person shall operate and no carrier shall permit to be operated a commercial vehicle not covered by a policy of insurance as required by subsection (1) or (2).

265.7(4)Subsections 17.1(3) and (4), subsection 28(1.1) and section 105 apply with the necessary modifications in respect of a policy of insurance as required by subsection (1) or (2).

265.7(5)Subject to subsection (6), the reference to two hundred thousand dollars in section 282 and paragraph 283(1)(d) shall be read as a reference to one million dollars in relation to carriers and drivers of commercial vehicles.

265.7(6)The reference to two hundred thousand dollars in section 282 and paragraph 283 (1)(d) shall be read as a reference to two million dollars in relation to carriers and drivers of commercial vehicles who are engaged in the transportation of dangerous goods as defined in the Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act.

265.7(7)Subject to subsection (8), the reference to one million dollars in subsection 283(3) shall be read as a reference to five million dollars in relation to carriers with ten or more commercial vehicles.

265.7(8)The reference to one million dollars in subsection 283(3) shall be read as a reference to ten million dollars in relation to carriers with ten or more commercial vehicles who are engaged in the transportation of dangerous goods as defined in the Transportation of Dangerous Goods Act, chapter 36 of the Statutes of Canada, 1980-81-82-83, or as listed in the regulations under that Act.