Sec.16-304-D6. Self-insurance

A motor carrier of property for hire may comply with these regulations by qualifying as a self-insurer in lieu of the insurance prescribed herein, if such carrier furnishes a true and accurate statement of its financial condition and such other evidence as will establish to the satisfaction of the public utilities commission the ability of such carrier to satisfy its obligations for liability for bodily injury or death and liability for property damage in the minimum amounts prescribed in section 16-304-D5 without affecting the stability or permanency of the business of such motor carrier. Other securities or agreements may be offered in lieu of the insurance prescribed herein if the carrier can demonstrate to the public utilities commission that the security or agreement offered will discharge the liability of such carrier for bodily injury or death and property damage within at least the minimum amounts prescribed in section 16-304-D5.