[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: 49CFR387.411]



[Page 302]

 

                        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. 387.411  Qualifications as a self-insurer and other securities or 

agreements.



    (a) Self-insurer. The FMCSA will approve the application of a 

freight fowarder to qualify as a self-insurer if it is able to meet its 

obligations for bodily-injury, property-damage, and cargo liability 

without adversely affecting its business.

    (b) Other securities and agreements. The FMCSA will grant 

applications for approval of other securities and agreements if the 

public will be protected as contemplated by 49 U.S.C. 13906(c).



[55 FR 11201, Mar. 27, 1990. Redesignated at 61 FR 54710, Oct. 21, 1996, 

as amended at 62 FR 49942, Sept. 24, 1997]