FMCSA changes insurance requirements for Canadian motor carriers
FMCSA changes insurance requirements for Canadian motor carriers
Canada-based motor carriers that run in the U.S. will no longer have to buy an insurance policy from a U.S. insurance carrier, thanks to a rule change
recently published by FMCSA.
The Federal Motor Carrier Safety Administration published a final rule in the Federal Register in early July, which addressed the requirement that Canadian motor carriers must have a U.S. insurance policy to run in the States.
Beginning Aug. 2, the agency will accept insurance policies issued by Canadian insurance companies authorized to sell such policies in the province or territory where the motor carrier is based.
The rule does not change the minimum levels of insurance Canadian motor carriers must maintain to operate in the U.S. It just no longer dictates that the policy has to be written by a U.S.-based insurance provider.
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