LPG Form 997B Statement in Lieu of Motor Vehicle Bodily Injury and Property Damage Liability Insurance - Texas

LPG Form 997B Statement in Lieu of Motor Vehicle Bodily Injury and Property Damage Liability Insurance - Texas

What Is LPG Form 997B?

This is a legal form that was released by the Railroad Commission of Texas - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 997B?
A: Form 997B is a statement in lieu of motor vehicle bodily injury and property damage liability insurance in the state of Texas.

Q: When is Form 997B used?
A: Form 997B is used when an individual or business wants to self-insure for motor vehicle bodily injury and property damage liability in Texas.

Q: What does Form 997B replace?
A: Form 997B replaces the need for traditional motor vehicle bodily injury and property damage liability insurance.

Q: Who needs to submit Form 997B?
A: Individuals or businesses in Texas who want to self-insure for motor vehicle bodily injury and property damage liability need to submit Form 997B.

Q: What are the requirements for self-insurance with Form 997B?
A: To qualify for self-insurance with Form 997B, you must meet certain financial and operational requirements set by the Texas Department of Motor Vehicles.

Q: What happens if I don't have motor vehicle insurance in Texas?
A: Driving without motor vehicle insurance in Texas is illegal and can result in fines, license suspension, and other penalties.

Q: Is Form 997B valid in other states?
A: No, Form 997B is specific to the state of Texas. Other states may have their own requirements for motor vehicle insurance or self-insurance.

Q: Can I use Form 997B for commercial vehicles?
A: Yes, Form 997B can be used for both personal and commercial vehicles.

Q: Are there any limitations or restrictions with Form 997B?
A: Form 997B has specific requirements and limitations, including maintaining financial security and providing proof of compliance to the Texas Department of Motor Vehicles.

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Form Details:

  • Released on January 1, 2020;
  • The latest edition provided by the Railroad Commission of Texas;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;

Download a fillable version of LPG Form 997B by clicking the link below or browse more documents and templates provided by the Railroad Commission of Texas.

Download LPG Form 997B Statement in Lieu of Motor Vehicle Bodily Injury and Property Damage Liability Insurance - Texas

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