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The MCS 90 and MCS 82 demonstrate the required coverages are in place.
To determine whether or not your company is subject to the FMCSA’s financial responsibility regulations refer to the schedule of public liability limits shown in 387.9, 387.33, and 387.303.
Financial responsibility compliance depends upon several factors:
If your company falls into any of the following categories, you must have the appropriate level of financial responsibility and proof of insurance:
To determine whether or not your company is subject to the FMCSA’s financial responsibility regulations refer to the schedule of public liability limits shown in 387.9, 387.33 and 387.303.
MCS-90. The Form MCS-90 is an endorsement issued to a motor carrier of property by an insurance company to show proof that the carrier has in effect the minimum levels of financial responsibility required by the FMCSA. The MCS-90 is not an actual insurance policy, serving only as proof the carrier is in compliance with the FMCSA’s requirements that carriers maintain coverage for protection of the public for injury or property damage resulting from the operation of the vehicle.
The FMCSA determines the form and content of the MCS-90 endorsement and provides a sample in 387.15. However, the insurance company issues the MCS-90 directly to the carrier, who must keep it at their principal place of business as required by 387.7(d).
An MCS-90 must be in your office if you are required to have in effect and maintain financial responsibility in the amounts listed in 387.9, 387.33, or 387.303. If you are not required to have in effect and maintain financial responsibility, you don’t need to maintain an MCS-90 in your office.
MCS-82 motor carrier surety bond endorsement. Carriers meeting the public liability requirements with a surety bond must have an MCS-82 issued by a surety as evidence of compliance. The FMCSA includes a sample Form MCS-82 in 387.15, but the document must be issued directly to the carrier by a surety company. The MCS-82 serves as proof of a surety bond, just as the MCS-90 provides evidence of insurance.
MCS-90B/MCS-82B passenger carrier endorsements. Form MCS-90B is an endorsement issued by an insurance company to a motor passenger carrier as evidence of compliance with the public liability requirements required in 387.33.
Motor passenger carriers meeting the public liability requirements with a surety bond must have an MCS-82B issued by a surety as evidence of compliance.
The FMCSA determines the form and content of the MCS-90B and MCS-82B endorsements and provides samples in 387.39. The insurance company issues the MCS-90B/MCS-82B directly to the carrier, who must keep it at their principal place of business and have it available during a compliance audit.
Renewal. Endorsements remain valid as long as the insurance policy number/surety bond is valid. A new policy number or surety bond requires a new endorsement.
Self-insured carriers. Certain carriers are self insured under 387.309; for these carriers, a written decision, order, or authorization from the Federal Motor Carrier Safety Administration authorizing a motor carrier to self insure will satisfy the proof of financial responsibility requirement.