[Code of Federal Regulations]

[Title 49, Volume 5]

[Revised as of October 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 49CFR387.403]



[Page 301]

 

                        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]