Financial Responsibility Requirements for Commercial Motor Vehicles

Hymel, Kent; Lee, Douglass B.; Pearlman, Jonathan; Pritchard, Robert; Rainville, Lydia; John A. Volpe National Transportation Systems Center (U.S.)

doi:10.21949/1502975

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Financial Responsibility Requirements for Commercial Motor Vehicles

2013-01-01
By Hymel, Kent ; Lee, Douglass B. ; Pearlman, Jonathan ; ...

[PDF-1.94 MB]

English

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Creators:

Hymel, Kent ; Lee, Douglass B. ; Pearlman, Jonathan ; Pritchard, Robert ; Rainville, Lydia

Hymel, Kent ; Lee, Douglass B. ; Pearlman, Jonathan ; Pritchard, Robert ; Rainville, Lydia Less -
Corporate Creators:

John A. Volpe National Transportation Systems Center (U.S.)
Subject/TRT Terms:

[+]

Commercial Vehicles Costs Fatalities Financial Responsibility Injury Severity Insurance Rates Liability Insurance Motor Carriers Policy Traffic Crashes
Publication/ Report Number:

FMCSA-RRA-12-045
DOI:

https://doi.org/10.21949/1502975
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

United States. Department of Transportation. Federal Motor Carrier Safety Administration. Office of Analysis, Research, and Technology
NTL 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;
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.
Format:

PDF
Collection(s):

Federal Motor Carrier Safety Administration
Main Document Checksum:

[+]

urn:sha256:d352cd17050ea9ca80eb6bcdca6c12e3b7bbfc3ac6e6f8c55f9daabdc9f3adad
Download URL:

https://rosap.ntl.bts.gov/view/dot/169/dot_169_DS1.pdf
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Financial Responsibility Requirements for Commercial Motor Vehicles

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