Insurance Requirements (FMCSR Part 387)

General Information
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The requirements for Financial Responsibility applies to motor carriers operating CMV’s transporting property, hazardous materials, or passengers in intrastate or interstate commerce.

Motor carriers shall not operate a CMV until the motor carrier has obtained and has in effect the minimum levels of financial responsibility.

(see "Colorado Adoptions" which apply to intrastate only carriers, below)

Endorsements for policies of insurance and surety bonds must be in the form prescribed by the FMCSA, like the MCS-90 or MCS-90B, and be on file at the Principle Place of Business.

Related Federal Regulations

Minimum insurance requirements for property carrying vehicles can be found in Part 387.9 of the FMCSRs.  A flow chart is also provided in the "Related Forms and Publications" section of this page to help determine the minimum insurance requirements.

Minimum insurance requirements for passenger carrying vehicles can be found in Part 387.33 of the FMCSRs.

  • Certain types of operations such as school busses, taxicab services and commuter vans may be exempt from these requirments.  Exemptions can be found in Part 387.27 of the FMCSRs.

Intrastate Commerce Exemptions

Colorado Adoptions (42-4-235(4)(a) C.R.S.)
Applys only to carriers operating within Colorado (intrastate commerce)

Parts 387.1 through 387.17, 387.303, 387.305 and 387.309 shall apply with the following exceptions:

  • 49 CFR 387.7(e) and (g) shall not apply.
  • 49 CFR 387.9 (4) applies only to interstate and foreign commerce.
  • Transportation carriers may obtain a certificate of self insurance issued pursuant to § 42-7-501, C.R.S., or part 387 of 49 CFR.
  • Motor carriers subject to these rules shall carry a minimum level of cargo liability coverage of $10,000 for loss or damage to property carried on any one motor vehicle or an amount adequate to cover the value of the property being transported, whichever is less, unless the shipper and the property carrier otherwise agree by written contract to a lesser amount.

Related Forms and Publications

Property Carrier Insurance Requirements Flow Chart

MCS 90 Form (Property Carrier)

MCS 82 Form (Property Carrier)

Passenger Carrier Insurance Requirements Table

MCS 90B Form (Passenger Carrier)

MCS 82B Form (Passenger Carrier)


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