OMB Approves FMCSA Final Rule on Cargo Insurance
The Office of Management and Budget has approved a Federal Motor Carrier Safety Administration final rule that would eliminate the requirement for most for-hire motor carriers of property and freight forwarders to maintain cargo insurance in prescribed minimum amounts and…
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file evidence of this insurance with FMCSA. Household goods motor carriers and household goods freight forwarders would continue to be subject to this cargo insurance requirement.