This document proposes to identify circumstances in which the public is subjected to an unacceptable level or risk of uncompensated losses generated from bolidy injury and property damage (BI &PD) claims arising from the actions of for-hire motor carriers conducting self-insured operations in interstate or foreign commerce. More specifically, the FHWA seeks public comment on a proposal to reevaluate the security and collateral requirements of any self-insured carrier that fails to generate from operations, after payment of all expenses except annual self-insurance claims. The FHWA also proposes to assess an additional application fee to cover carrier requests for modifications and alterations to self-insurance authorizations which require require a reevaluation to the carrier's financial condition. The FHWA can now do the basic first-time self-insurance application for $3,000. This amount is $1,200 less than the $4,200 fee the FHWA currently charges. Thus, the agency is also proposing to reduce the fee for processing the initial application to $3000 for an economic cost savings. The requirements for cargo-only self-insurance are not substantial because the required cargo is relatively small. Consequently, the expenses for reviewing cargo-only applications are not significant. Further, the risk of an unacceptable level of uncompensated self-insurance cargo claims is low.
Finally, this NPRM would also propose implementing additional procedures necessary for motor carriers to establish billing accounts to pay all insurance-related fees required by the Federal Highway Administration.
A schedule of filing fees and general instructions regarding payments are provided.
Comments must be received on or before July 6, 1999.
Notice of Proposed Rulemaking (NPRM); Request for Comments.
Details Information
Comments
View AllPosted: 11/13/1997 ID: FMCSA-1997-2923-0003
May 05,1999 11:59 PM ET
Posted: 11/18/1997 ID: FMCSA-1997-2923-0004
May 05,1999 11:59 PM ET
Posted: 11/18/1997 ID: FMCSA-1997-2923-0006
May 05,1999 11:59 PM ET
Posted: 11/19/1997 ID: FMCSA-1997-2923-0008
May 05,1999 11:59 PM ET
Posted: 11/21/1997 ID: FMCSA-1997-2923-0009
May 05,1999 11:59 PM ET
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