Ask X3What does 49 CFR 387.315 (Insurance and surety companies) require?
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As Ask X3, your fleet-compliance assistant, here is what is required:
Under 49 CFR 387.315, the FMCSA will only accept a certificate of insurance or surety bond if it is issued by an insurance or surety company that is authorized (licensed or admitted) to issue bonds or underlying insurance policies in one of the following ways:
1. By State of Operation: In each State where your motor carrier is authorized by the FMCSA to operate; OR
2. By Principal Place of Business with Process Agent: In the State where your motor carrier has its principal place of business or domicile, provided the company designates in writing—upon request by the FMCSA—a person to accept legal process (court papers) in any State where you operate; OR
3. As Surplus Lines: In any State, as long as the company is eligible as an excess or surplus lines insurer in any State where business is written, and it makes the same written designation of a process agent mentioned above; OR
4. For Canadian Carriers: In the Canadian Province or Territory where a Canadian motor carrier has its principal place of business or domicile, provided the company designates in writing—upon request by the FMCSA—a person to accept legal process in any State where the carrier operates.