Proposed Increase for Financial Responsibility
FMCSA 11-28 NPRM increase insurance reqts.pdf
On November 28, 2014 (79 FR 70839), the Federal Motor Carrier Safety Administration (FMCSA) published an Advanced Notice of Proposed Rulemaking (ANPRM) in the federal register announcing FMCSA is considering a rulemaking that would increase the minimum levels of financial responsibility for motor carriers, including liability coverage for bodily injury or property damage; establish financial responsibility requirements for passenger carrier brokers; implement financial responsibility requirements for brokers and freight forwarders, and revise existing rules concerning self-insurance and trip insurance. FMCSA is seeking public comments on these topics. Please submit comments on or before February 26, 2015.
