[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: 49CFR387.413]



[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. 387.413  Forms and procedure.



    (a) Forms. Endorsements for policies of insurance, surety bonds, 

certificates of insurance, applications to qualify as a self-insurer or 

for approval of other securities or agreements, and notices of 

cancellation must be in the form prescribed at 49 CFR part 387, subpart 

C.

    (b) Procedure. Certificates of insurance, surety bonds, and notices 

of cancellation must be filed with the FMCSA in triplicate.

    (c) Names. Certificates of insurance and surety bonds shall be 

issued in the full name (including any trade name) of the individual, 

partnership (all partners named), corporation, or other person holding 

or to be issued the permit.

    (d) Cancellation. Except as provided in paragraph (e) of this 

section, certificates of insurance, surety bonds, and other securities 

and agreements shall not be cancelled or withdrawn until 30 days after 

the FMCSA receives written notice from the insurance company, surety, 

freight forwarder, or other party, as the case may be.

    (e) Termination by replacement. Certificates of insurance or surety 

bonds may be replaced by other certificates of insurance, surety bonds, 

or other security, and the liability of the retiring insurer or surety 

shall be considered as having terminated as of the replacement's 

effective date, if acceptable to the FMCSA.



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

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