May 21, 2014 | By Navigator |
Form MCS-90 is the form that the Federal Motor Carrier Safety Administration (FMCSA) requires be on file (often referred to as a filing) with them before they will grant an operating authority to an applicant seeking authority to operate as a for hire, motor carrier. The MCS-90 is filed by your insurance company as evidence that you have met the financial responsibility requirements of the FMCSA. Financial responsibility means having insurance policies or surety bonds sufficient to satisfy the minimum public liability requirements. Public liability meansprimary auto liability for bodily injury, property damage, and environmental restoration. Environmental restoration means restitution for the loss, damage, or destruction of natural resources arising out of an accidental discharge of toxic or other environmentally harmful materials or liquids.
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