['Operating Authority', 'Business planning - Motor Carrier']

['Financial Responsibility', 'Private carrier authority', 'For-Hire Carrier Authority', 'Insurance and risk management - Motor Carrier']

10/17/2024

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§387.9 Financial responsibility, minimum levels.

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§387.9 Financial responsibility, minimum levels.

RegSense English Federal Motor Carrier Safety Administration (FMCSA), DOT Insurance and risk management - Motor Carrier CFR Regulations Private carrier authority Transportation Financial Responsibility CFR Section Operating Authority Fleet Operations For-Hire Carrier Authority Focus Area Business planning - Motor Carrier USA

The minimum levels of financial responsibility referred to in §387.7 are hereby prescribed as follows:

Type of carriage	Commodity transported	January 1, 1985
(1) For-hire (In interstate or foreign commerce, with a gross vehicle weight rating of 10,001 or more pounds).	Property (nonhazardous)	$750,000
(2) For-hire and Private (In interstate, foreign, or intrastate commerce, with a gross vehicle weight rating of 10,001 or more pounds).	Hazardous substances, as defined in 49 CFR 171.8, transported in bulk in cargo tanks, portable tanks, or hopper-type vehicles with capacities in bulk; in bulk Division 1.1, 1.2 or 1.3 materials; in bulk Division 2.3, Hazard Zone A material; in bulk Division 6.1, Packing Group I, Hazard Zone A material; in bulk Division 2.1 or 2.2 material; or highway route controlled quantities of a Class 7 material, as defined in 49 CFR 173.403	5,000,000
(3) For-hire and Private (In interstate or foreign commerce, in any quantity; or in intrastate commerce, in bulk only; with a gross vehicle weight rating of 10,001 or more pounds).	Oil listed in 49 CFR 172.101; hazardous waste, hazardous materials, or hazardous substances defined in 49 CFR 171.8 and listed in 49 CFR 172.101, but not mentioned in entry (2) or (4) of this table	1,000,000
(4) For-hire and Private (In interstate or foreign commerce, with a gross vehicle weight rating of less than 10,001 pounds).	In bulk Division 1.1, 1.2, or 1.3 material; in bulk Division 2.3, Hazard Zone A material; in bulk Division 6.1, Packing Group I, Hazard Zone A material; or highway route controlled quantities of a Class 7 material as defined in 49 CFR 173.403	5,000,000