Is the financial responsibility requirement met when an owner-operator (lessor) provides the motor carrier (lessee) a copy of the policy and Form MCS-90 where the carrier is named as an additional insured to the policy (Form MCS-90)?

Section § 387.7: Financial responsibility required.

Question 4: Is the financial responsibility requirement met when an owner-operator (lessor) provides the motor carrier (lessee) a copy of the policy and Form MCS-90 where the carrier is named as an additional...

How does a Mexican motor carrier prove that it is complying with §387.7?

Part 387

Section § 387.7: Financial responsibility required.

Question 3: How does a Mexican motor carrier prove that it is complying with §387.7?

Guidance: Mexican motor carriers are permitted to obtain trip insurance and are required to carry,...

What is the definition of "Certificate of Registration" in §387.7(b)(3)?

Part 387

Section § 387.7: Financial responsibility required.

Question 2: What is the definition of "Certificate of Registration" in §387.7(b)(3)?

Guidance: "Certificate of Registration" means a document issued by the FMCSA to all Mexican motor...

May a large corporation which has many wholly owned subsidiaries have one policy for the parent corporation and maintain the policy and the Form MCS-90 at the corporate headquarters?

Part 387

Section § 387.7: Financial responsibility required.

Question 1: May a large corporation which has many wholly owned subsidiaries have one policy for the parent corporation and maintain the policy and the Form MCS-90 at the corporate headquarters...