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This document prescribes the minimum levels of financial responsibility required to be maintained by motor carriers of property and passengers, and outlines regulations regarding surety bonds and
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How to fill out part 387 - gpo
How to fill out Part 387
01
Obtain a copy of Part 387 from the relevant authority or official website.
02
Review the instructions provided with the form to understand the requirements.
03
Fill out the applicant information section accurately, including name, address, and contact details.
04
Provide details about the type of motor carrier operation you are engaged in.
05
Document the necessary financial responsibility information as specified in Part 387.
06
Include all required supporting documents as outlined in the checklist.
07
Review the completed form for accuracy and completeness before submitting.
08
Submit the form as instructed, either electronically or by mail, and keep a copy for your records.
Who needs Part 387?
01
Motor carriers operating in interstate or intrastate commerce that are required to demonstrate financial responsibility.
02
Any entity that transports goods or passengers for compensation and must comply with federal motor carrier regulations.
03
Companies that are required to maintain minimum levels of insurance coverage as mandated by Part 387.
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What is Part 387?
Part 387 refers to a section of the Federal Motor Carrier Safety Administration (FMCSA) regulations that establishes minimum levels of financial responsibility (insurance) for motor carriers operating in interstate or foreign commerce.
Who is required to file Part 387?
Part 387 must be filed by motor carriers that operate commercial motor vehicles in interstate or foreign commerce and are subject to FMCSA regulations.
How to fill out Part 387?
To fill out Part 387, motor carriers need to provide information about their insurance coverage, including details of the insurance policy, limits of liability, and the effective date of coverage.
What is the purpose of Part 387?
The purpose of Part 387 is to ensure that motor carriers maintain adequate insurance coverage to protect the public and ensure financial responsibility in the event of accidents or incidents.
What information must be reported on Part 387?
Information that must be reported on Part 387 includes the carrier's name, address, the type of operation, insurance policy details, coverage limits, and the name of the insurance company providing the coverage.
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