Minimum Levels of Financial Responsibility for Motor Carriers

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Does the GVWR apply to the power unit only?

Part 387

Section § 387.3: Applicability.

Guidance Q&A

Question 2: Does the GVWR apply to the power unit only?

Guidance: No.

At what GVWR, as assigned by a manufacturer, does the requirement to comply with the financial responsibility regulations begin?

Part 387

Section § 387.3: Applicability.

Guidance Q&A

Question 1: At what GVWR, as assigned by a manufacturer, does the requirement to comply with the financial responsibility regulations begin?

Guidance: Generally, part 387, subpart A applies if...

May a State require a higher level of financial responsibility coverage than is required by part 387?

Part 387

Section § 387.1: Purpose and scope.

Guidance Q&A

Question 1: May a State require a higher level of financial responsibility coverage than is required by part 387?

Guidance: Yes.

Part 387 Section § 387.39: Forms.

Part 387

Section § 387.39: Forms.

Guidance Q&A

Question 1: May a motor carrier of passengers meet the financial responsibility requirements by aggregating insurance in layers?

Guidance: Yes. A motor carrier of passengers may aggregate...

Part 387 Section § 387.27: Applicability.

Part 387

Section § 387.27: Applicability.

Guidance Q&A

Question 6: Do the financial responsibility requirements of Subpart B of Part 387 apply to school buses used by the federal government of Mexico to transport students on field...

What determines the level of coverage required for a passenger carrier: the number of passengers or the number of seats in the vehicle?

FMCSA-INS-387.27-Q002(2020-02-28)-CORR1

Part 387

Section § 387.27: Applicability.

Guidance Q&A

Question 2: What determines the level of coverage required for a passenger carrier: the number of...

Part 387 Section § 387.9: Financial responsibility, minimum levels.

Part 387

Section § 387.9: Financial responsibility, minimum levels.

Guidance Q&A

Question 5: What level of insurance is required for a motor carrier operating a tube trailer where...

Section § 387.3: Applicability

Section § 387.3: Applicability.

Guidance Q&A

Question 4: Are Federal, State or local political subdivisions subject to the financial responsibility regulations?

Guidance: Yes

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Minimum Levels of Financial Responsibility for Motor Carriers