'For-hire' is defined as the business of carrying or transporting passengers for compensation (direct or indirect). 1 For-hire also includes private rental vehicles that are leased or rented to an individual or organization who is not the title owner; while the registration remains in the owner’s name.
If you have a for-hire vehicle, you must have for-hire vehicle insurance. The only exceptions are buses and ambulances that do not carry passengers for a fee. 2
For-hire registrations and insurance policy periods last one year. Refer to the chart below to find your registration expiration date and policy period.
Vehicle Class Code | Vehicle Type | Registration Expiration | Policy Period |
---|---|---|---|
53 OMF | Bus (franchise) | 02/28 | 03/01 - 03/01 |
56 OMR | Bus (regular) | 02/28 | 03/01 - 03/01 |
52 OMS | Rental (private daily) | 09/30 | 10/01 - 10/01 |
57 OMV | Rental (private daily vanity) | 09/30 | 10/01 - 10/01 |
19 SCL | School Car | 12/31 | 01/01 - 01/01 |
20 HIR | Hearse / Invalid Coach | 12/31 | 01/01 - 01/01 |
51 AMB | Ambulance | 12/31 | 01/01 - 01/01 |
54 OMT | Taxi | Staggered | Varies |
55 OML | Livery | Staggered | Varies |
You must provide an Insurance Certificate (FH-1) or Corporate Surety Bond Certificate (FH-1B), unless your vehicle is a bus or ambulance that does not transport passengers for a fee. 3
The insured status of for-hire vehicles is monitored through the Insurance Information & Enforcement System’s (IIES) insurer electronic reporting program.
Any lapse of insurance coverage will result in a 30 day revocation of your vehicle registration and plates. 4