Nige, the insurance company called back, and I also talked to the DOT people today, both gave the same story, if the tanks are in a compartment, chained or strapped so they can't move, for travel purpose's the regulators don't have to be removed and there doesn't need to be a cap on the O2 tank, as long as I don't exceed the 440 lb rule they are considered MOT's or materials of the trade. I never asked about if you exceed the 440 lb rule, how the rules change, I never have or probably ever will exceed the weight so it doesn't apply to me.
I only asked about LP gas tanks, not acetylene, its what I have on the service truck at all times, we use 20-40 lb tanks of LP for my engine heaters on a few machines in cold weather, and can have up to a half dozen of them on the truck at any one time, if they are not in a compartment, they have to be strapped down in some fashion to prevent movement, also they have to be DOT approved tanks.
The only thing I forgot to ask was how things change when any tanks or materials are placed in the cab or where the driver is at, so I can't tell you what the law states if you have a van or suv.