| Title | Financial Responsibility Requirements for Commercial Motor Vehicles |
|---|---|
| Record ID | 51745 |
| Personal Name Creator |
Hymel, Kent; Lee, Douglass B.; Pearlman, Jonathan; Pritchard, Robert; Rainville, Lydia |
| Source | 122p. in various pagings |
| Corporate Creator | John A. Volpe National Transportation Systems Center (U.S.) |
| Publisher | United States. Department of Transportation. Federal Motor Carrier Safety Administration. Office of Analysis, Research, and Technology |
| Publication Date | 20130100 |
| Language | English |
| Abstract | Minimum liability insurance levels and related requirements for motor carriers to demonstrate financial responsibility in case of damages from crashes were established in the 1980’s by Congressional legislation. These levels have not been changed since then. The question is whether these levels should be raised, weighing the benefits of improved compensation of injured third parties, internalization of freight and passenger transportation costs, reduction of truck- and bus-involved crashes, costs imposed on commercial motor vehicle (CMV) operators, and other relevant considerations. Affected motor carriers are for-hire general freight and passenger carriers in interstate commerce and hazardous materials carriers. |
| Rosap ID | dot:169 |
| Rosap URL | https://rosap.ntl.bts.gov/view/dot/169 |
| TRT Terms | Commercial vehicles; Motor carriers; Liability insurance; Financial responsibility; Insurance rates; Costs; Traffic crashes; Fatalities; Injury severity; Policy |
| Classification | NTL - ECONOMICS AND FINANCE - ECONOMICS AND FINANCE; NTL - ECONOMICS AND FINANCE - Freight Economics and Finance; NTL - FREIGHT - Trucking Industry; NTL - FREIGHT - Freight Economics and Finance |
| Geographical Coverage |
United States |
| TRIS Online Accession No |
1535750 |
| Report Number | FMCSA-RRA-12-045 |
| Resource type | Tech Report |
| URL | https://ntlrepository.blob.core.windows.net/lib/51000/51700/51745/12-045-Financial_Responsibility_Requirements_for_CMVs.pdf |
| Format | |
| Database | NTL Digital Repository |