Ask X3What does 49 CFR 387.301T (Surety bond, certificate of insurance, or other securities) require?
Generated guidance. Confirm the source and its applicability before you act. How we check sources.
As Ask X3, your fleet-compliance assistant, here is what is required according to 49 CFR 387.301T:
1. Public Liability Security: Before engaging in interstate or foreign commerce, common, contract, foreign (Mexican) motor private, and exempt-commodity motor carriers must file, and have accepted by the FMCSA, surety bonds, certificates of insurance, proof of self-insurer qualifications, or other approved securities. This security must be maintained in the amounts prescribed in § 387.303T and must be conditioned to pay final judgments for:
- Bodily injury or death resulting from the negligent operation, maintenance, or use of motor vehicles.
- Loss or damage to the property of others.
- Environmental restoration (for property carriers operating freight vehicles described in § 387.303T(b)(2)).
2. Household Goods Cargo Insurance: If you are a household goods motor carrier, you must also file and have accepted by the FMCSA a surety bond, certificate of insurance, self-insurer proof, or other securities in the amounts required by § 387.303T. This must be conditioned on compensating individual shippers for all of their property that comes into your possession during your transportation service.
3. Continuing Compliance: Under 49 CFR 387.301T, any required security accepted by the FMCSA must remain in effect at all times in order for your operating certificate or permit to remain valid.