[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: 49CFR387.409]

[Page 1073-1074]
 
                        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. 387.409  Insurance and surety companies.

    A certificate of insurance or surety bond will not be accepted by 
the FMCSA unless issued by an insurance or surety company that is 
authorized (licensed or admitted) to issue bonds or underlying insurance 
policies:
    (a) In each state in which the freight forwarder is authorized by 
the FMCSA to perform service, or
    (b) In the state in which the freight forwarder has its principal 
place of business or domicile, and will designate in writing upon 
request by the FMCSA, a person upon whom process, issued by or under the 
authority of a court of competent jurisdiction, may be served in any 
proceeding at law or equity brought in any state in which the freight 
forwarder performs service; or
    (c) In any state, and is eligible as an excess or surplus lines 
insurer in any state in which business is written, and

[[Page 1074]]

will make the designation of process agent prescribed in paragraph (b) 
of this section.

[56 FR 28111, June 19, 1991]