49 C.F.R. § 387.409 Insurance and surety companies.
Title 49 - Transportation
A certificate of insurance or surety bond will not be accepted by the FMCSA unless issued by an insurance or surety company that is authorized (licensed or admitted) to issue bonds or underlying insurance policies: (a) In each state in which the freight forwarder is authorized by the FMCSA to perform service, or (b) In the state in which the freight forwarder has its principal place of business or domicile, and will designate in writing upon request by the FMCSA, a person upon whom process, issued by or under the authority of a court of competent jurisdiction, may be served in any proceeding at law or equity brought in any state in which the freight forwarder performs service; or (c) In any state, and is eligible as an excess or surplus lines insurer in any state in which business is written, and will make the designation of process agent prescribed in paragraph (b) of this section. [56 FR 28111, June 19, 1991]
Title 49: Transportation
PART 387—MINIMUM LEVELS OF FINANCIAL RESPONSIBILITY FOR MOTOR CARRIERS
Subpart D—Surety Bonds and Policies of Insurance for Freight Forwarders
§ 387.409 Insurance and surety companies.
