Ask X3What does 49 CFR 387.411 (Qualifications as a self-insurer and other securities or agreements) require?
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According to 49 CFR 387.411, the requirements depend on the method you choose:
* Self-Insurer: The FMCSA will approve a freight forwarder's application to act as a self-insurer if you can prove you are able to meet your obligations for bodily injury, property damage, and cargo liability without negatively impacting your business operations.
* Other Securities and Agreements: The FMCSA will approve other securities and agreements if they adequately protect the public as required by 49 U.S.C. 13906(c).
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