Ask X3What does 49 CFR 387.43 (Electronic filing of surety bonds, trust fund agreements, certificates of insurance and cancellations) require?
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Short answer
49 CFR 387.43 requires insurers of for-hire motor carriers of passengers to file certificates of insurance, surety bonds, and other securities and agreements with FMCSA electronically by December 31, 2016, or at the time of application for registration.
The rule says
"Insurers of for-hire motor carriers of passengers that are registered with FMCSA on September 30, 2016, must file certificates of insurance, surety bonds, and other securities and agreements with FMCSA by December 31, 2016." (49 CFR 387.43(a))
"These filings must be made electronically in accordance with the requirements and procedures set forth at 387.323." (49 CFR 387.43(a))
In plain English
This rule applies to for-hire motor carriers of passengers and requires their insurers to file certain documents electronically with FMCSA. The filings must be made according to the procedures outlined in 49 CFR 387.323, which includes registering with FMCSA and transmitting the filings online.
What to do
- Register with FMCSA to obtain authorization for electronic filing
- Transmit filings online via the internet at https://li-public.fmcsa.dot.gov
- Ensure all required documents, including certificates of insurance and surety bonds, are filed electronically by the specified deadline
- Verify that filings are made in accordance with the requirements and procedures set forth in 49 CFR 387.323