Transcription of Financial Responsibility Requirements for Commercial Motor ...
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Financial Responsibility Requirements for Commercial Motor ...
Financial Responsibility Requirements for Commercial Motor Vehicles January 2013. FOREWORD. The minimum levels of Financial Responsibility for Commercial Motor carriers were established by Congressional legislation in the early 1980's. The question today is whether these levels should be raised, weighing the benefits of improved compensation of crash victims, internalization of freight and passenger transportation costs, and reduction of truck- and bus- involved crashes, with costs imposed on Commercial Motor vehicle (CMV) operators, the insurance industry and other relevant considerations.
FOREWORD The minimum levels of financial responsibility for commercial motor carriers were established by Congressional legislation in the early 1980’s.
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