[Code of Federal Regulations]
[Title 49, Volume 4]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 49CFR387.403]

[Page 1073]
 
                        TITLE 49--TRANSPORTATION
 
                      DEPARTMENT OF TRANSPORTATION
 
PART 387_MINIMUM LEVELS OF FINANCIAL RESPONSIBILITY FOR MOTOR 
CARRIERS--Table of Contents
 
 Subpart D_Surety Bonds and Policies of Insurance for Freight Forwarders
 
Sec. 387.403  General requirements.

    (a) Cargo. A freight forwarder (including a HHGFF) may not operate 
until it has filed with the FMCSA an approriate surety bond, certificate 
of insurance, qualifications as a self-insurer, or other securities or 
agreements, in the amounts prescribed at Sec. 387.405, for loss of or 
damage to property.
    (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 Sec. 
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.

[55 FR 11201, Mar. 27, 1990. Redesignated at 61 FR 54710, Oct. 21, 1996, 
as amended at 62 FR 49942, Sept. 24, 1997]