§387.411 Qualifications as a self–insurer and other securities or agreements.

(a) Self–insurer. The FMCSA will approve the application of a freight forwarder to qualify as a self–insurer if it is able to meet its obligations for bodily–injury, property–damage, and cargo liability without adversely affecting its business.

(b) Other securities and agreements. The FMCSA will grant applications for approval of other securities and agreements if the public will be protected as contemplated by 49 U.S.C. 13906(c).

[62 FR 49942, September 24, 1997; 66 FR 49873, Oct. 1, 2001]