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  • § 387.1
    Purpose and scope.
  • § 387.3
    Applicability.
  • § 387.5
    Definitions.
  • § 387.7
    Financial responsibility required.
  • § 387.9

    Financial responsibility, minimum levels.

  • § 387.11
    State authority and designation of agent.
  • § 387.13
    Fiduciaries.
  • § 387.15
    Forms.
  • § 387.17
    Violation and penalty.
  • § 387.19
    Electronic filing of surety bonds, trust fund agreements, certificates of insurance and cancellations.
  • § 387.25
    Purpose and scope.
  • § 387.27
    Applicability.
  • § 387.29
    Definitions.
  • § 387.31
    Financial responsibility required.
  • § 387.33

    Financial responsibility, minimum levels.

  • § 387.35
    State authority and designation of agent.
  • § 387.37
    Fiduciaries.
  • § 387.39
    Forms.
  • § 387.41
    Violation and penalty.
  • § 387.43
    Electronic filing of surety bonds, trust fund agreements, certificates of insurance and cancellations.
  • § 387.301
    Surety bond, certificate of insurance, or other securities.
  • § 387.303
    Security for the protection of the public: Minimum limits.
  • § 387.305
    Combination vehicles.
  • § 387.307
    Property broker surety bond or trust fund.
  • § 387.309
    Qualifications as a self-insurer and other securities or agreements.
  • § 387.311
    Bonds and certificates of insurance.
  • § 387.313
    Forms and procedures.
  • § 387.315
    Insurance and surety companies.
  • § 387.317
    Refusal to accept, or revocation by the FMCSA of surety bonds, etc.
  • § 387.319
    Fiduciaries.
  • § 387.321
    Operations in foreign commerce.
  • § 387.323
    Electronic filing of surety bonds, trust fund agreements, certificates of insurance and cancellations.
  • § 387.401
    Definitions.
  • § 387.403
    General requirements.
  • § 387.405
    Limits of liability.
  • § 387.407
    Surety bonds and certificates of insurance.
  • § 387.409
    Insurance and surety companies.
  • § 387.411
    Qualifications as a self-insurer and other securities or agreements.
  • § 387.413
    Forms and procedure.
  • § 387.415
    Acceptance and revocation by the FMCSA.
  • § 387.417
    Fiduciaries.
  • § 387.419
    Electronic filing of surety bonds, certificates of insurance and cancellations.

Part 387
MINIMUM LEVELS OF FINANCIAL RESPONSIBILITY FOR MOTOR CARRIERS

§ 387.403: General requirements.

(a) Cargo. A household goods freight forwarder may not operate until it has filed with FMCSA an appropriate surety bond, certificate of insurance, qualifications as a self-insurer, or other securities or agreements, in the amounts prescribed in § 387.405, for loss of or damage to household goods.
(b) Public liability. A HHGFF may not perform transfer, collection, and delivery service until it has filed with the FMCSA an appropriate surety bond, certificate of insurance, qualifications as a self-insurer, or other securities or agreements, in the amounts prescribed at § 387.405, conditioned to pay any final judgment recovered against such HHGFF for bodily injury to or the death of any person, or loss of or damage to property (except cargo) of others, or, in the case of freight vehicles described at 49 CFR 387.303(b)(2), for environmental restoration, resulting from the negligent operation, maintenance, or use of motor vehicles operated by or under its control in performing such service.
(c) Surety bond or trust fund. A freight forwarder must have a surety bond or trust fund in effect. The FMCSA will not issue a freight forwarder license until a surety bond or trust fund for the full limit of liability prescribed in § 387.405 is in effect. The freight forwarder license shall remain valid or effective only as long as a surety bond or trust fund remains in effect and shall ensure the financial responsibility of the freight forwarder. The requirements applicable to property broker surety bonds and trust funds in § 387.307 shall apply to the surety bond or trust fund required by this paragraph.

Citation: [55 FR 11201, Mar. 27, 1990. Redesignated at 61 FR 54710, Oct. 21, 1996, as amended at 62 FR 49942, Sept. 24, 1997; 75 FR 35328, June 22, 2010; 78 FR 60233, Oct. 1, 2013]

Disclaimer:

Although we make every effort to assure that the information we provide is complete and accurate, it is not intended to take the place of published agency regulations. Regulations issued by the U.S. Department of Transportation and its Operating Administrations are published in the Federal Register and compiled in the U.S. Code of Federal Regulations (CFR). Copies of appropriate volumes of the CFR in book format may be purchased from the Superintendent of Documents, U.S. Government Printing Office, or examined at many libraries.

The CFR may also be viewed online at http://ECFR.gpoaccess.gov.