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This document outlines the minimum levels of financial responsibility required for motor carriers operating in interstate, foreign, or intrastate commerce, including definitions of terms and proof
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How to fill out part 387 - modot
How to fill out Part 387
01
Begin by gathering the necessary documents, including your business information and proof of insurance.
02
Fill in the applicant's name, address, and contact information in the designated sections.
03
Provide details about your motor carrier operations, including the type of carrier and states of operation.
04
Enter the number of vehicles operated under your authority and any additional relevant information.
05
Review your completed form for accuracy and completeness.
06
Sign and date the form in the appropriate section.
07
Submit the form to the appropriate regulatory agency along with any required fees.
Who needs Part 387?
01
Motor carriers operating in interstate commerce in the United States typically need Part 387.
02
Any entity that provides transportation of property for compensation across state lines must comply with these regulations.
03
This includes trucking companies, freight haulers, and any commercial vehicle operators that meet the criteria.
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What is Part 387?
Part 387 pertains to the Federal Motor Carrier Safety Administration (FMCSA) regulations outlining financial responsibility for motor carriers operating in interstate commerce.
Who is required to file Part 387?
Motor carriers that operate commercial vehicles engaged in interstate commerce must file Part 387.
How to fill out Part 387?
To fill out Part 387, carriers must provide documentation related to their insurance coverage, including details of their policy and proof of financial responsibility.
What is the purpose of Part 387?
The purpose of Part 387 is to ensure that motor carriers have adequate financial resources to cover liabilities resulting from accidents or other incidents involving their vehicles.
What information must be reported on Part 387?
The information required includes the motor carrier's USDOT number, proof of insurance, the type and limits of coverage, and details concerning any applicable endorsements.
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