Ask X3What does 49 CFR 387.405 (Limits of liability) require?
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Based on 49 CFR 387.405, the regulation sets the following requirements for your minimum security amounts:
* Cargo and Public Liability: The minimum security amounts for cargo and public liability are the same as the amounts required for motor carriers under 49 CFR 387.303.
* Surety Bond or Trust Fund: The minimum amount required for a surety bond or trust fund is the same as the amount prescribed for brokers under 49 CFR 387.307.