Carrier profile · USDOT 695456 · MC-322331 · Updated Jun 13, 2026

Banks Charter Bus Line Inc

0 power unitsLocal · 2 statesSUFFOLK, VA85/100

CARRIER ACTIVEMC-322331 ACTIVERATED SATISFACTORY

Authority & Insurance

Active operating authority by type and the full insurance continuity timeline — insurer, policy, coverage, and any lapses — so you can confirm they can legally and adequately haul your load today.

Operating authority· 49 CFR · per type

Operating authority

Common: Active
Contract: None
Broker: None

Insurance & bonds

BIPD / liability$5,000,000 in force

Cargo filing (census)Not recorded per census

Surety bond (census)Not recorded per census

Insurance adequacy· filed BIPD vs the $750K federal floor

$5M in forcegeneral-freight federal minimum

$750K floor

Filed BIPD coverage of $5M meets or exceeds the $750K federal minimum for general freight (49 CFR 387.9). Some commodities (hazmat, larger vehicles) require $1M–$5M — confirm against your load.

Insurance continuity· insurer · policy · lapses

$5M BIPD last filed ’25 · 5 insurers · 2 lapsesCoverage lapse

Reliance National’96–’01

Lincoln General’05–’08

Lancer’08–’20

Lancer’21–now

1996200420122020now

Shorter eras are too brief to label at this scale — all 7 insurers are named in the list below.

BIPD in force — $5,000,000 · LANCER INSURANCE COMPANY · since Jun 2025

All 7 insurer eras · dates, limits, renewals

Insurer	Period	Limit	Renewals
LANCER INSURANCE COMPANY	May 2021 → Jun 2025	$5M	2
LANCER INSURANCE COMPANY	Mar 2008 → Oct 2020	$5M	4
LINCOLN GENERAL INSURANCE COMPANY	Mar 2005 → Mar 2008	$5M	3
LINCOLN GENERAL INSURANCE COMPANY	Mar 2003 → Aug 2004	$5M	4
RLI INSURANCE COMPANY	Mar 2002 → Mar 2003	$5M	2
ACE AMERICAN INSURANCE COMPANY	Mar 2001 → Mar 2002	$5M	1
RELIANCE NATIONAL INDEMNITY COMPANY	Nov 1996 → Mar 2001	$5M	5