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

Part 387

Section § 387.31: Financial responsibility required.

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

When must a contract school bus operator comply with part 387?

Part 387

Section § 387.27: Applicability.

Question 4: When must a contract school bus operator comply with part 387?

Guidance: When the contractor is not engaged in transportation to or from school and the transportation is not organized,...

Are luxury limousines with a seating capacity of fewer than seven passengers and not operated on a regular route or between specified points exempted under §387.27(b)(2)?

Part 387

Section § 387.27: Applicability.

Question 3: Are luxury limousines with a seating capacity of fewer than seven passengers and not operated on a regular route or between specified points exempted under §387.27(b)(2)?

Guidance...

Is a nonprofit corporation, providing for-hire interstate transportation of passengers, subject to the minimum levels of financial responsibility for motor carriers of passengers?

Part 387

Section § 387.27: Applicability.

Question 1: Is a nonprofit corporation, providing for-hire interstate transportation of passengers, subject to the minimum levels of financial responsibility for motor carriers of passengers?

Guidance:...

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

Part 387

Section § 387.25: Purpose and scope.

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

Guidance: Yes.

Does the term “insured,” as used on Form MCS-90, Endorsement for Motor Carrier Policies of Insurance for Public Liability, or “Principal”, as used on Form MCS-82, Motor Carrier Liability Surety Bond, mean the motor carrier named in the endorsement or sure

Part 387

Section § 387.15: Forms.

Question 5: Does the term “insured,” as used on Form MCS-90, Endorsement for Motor Carrier Policies of Insurance for Public Liability, or “Principal”, as used on Form MCS-82, Motor Carrier Liability Surety Bond, mean the...

Must a motor carrier obtain a new Form MCS-90 each year if it retains the same insurance company?

Part 387

Section § 387.15: Forms.

Question 4: Must a motor carrier obtain a new Form MCS-90 each year if it retains the same insurance company?

Guidance: If the insurance policy, as identified by the policy number on the Form MCS-90, is still...

May the Form MCS-90 required by part 387 for proof of minimum financial responsibility be modified?

Part 387

Section § 387.15: Forms.

Question 2: May the Form MCS-90 required by part 387 for proof of minimum financial responsibility be modified?

Guidance: The prescribed text of the document may not be changed. However, the format (i.e., number...

May the motor carrier meet the financial responsibility requirements by aggregating insurance in layers?

Part 387

Section § 387.15: Forms.

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

Guidance: Yes. A motor carrier may aggregate coverage, by purchasing insurance in layers with...

How does a Mexican motor carrier demonstrate that its insurance company complies with §387.11?

Part 387

Section § 387.11: State authority and designation of agent.

Question 1: How does a Mexican motor carrier demonstrate that its insurance company complies with §387.11?

Guidance: With a properly executed Form MCS-90 from an insurance...