What Is An Mcs 90 Insurance Form

01 31 2020 form mcs 90 page 2 of 3 accident includes continuous or repeated exposure to conditions or which results in bodily injury property damage or environmental damage which the insured neither expected nor intended.

What is an mcs 90 insurance form. Is mcs 90 a financial guarantee. A motor carrier is a company that transports passengers or cargo for pay. It merely confirms is proof that you have the insurance you need in the case of an accident in which you re at fault. Mcs 90 is an endorsement to a commercial auto insurance policy that virtually every trucking company and other motor carrier operating in interstate commerce has to have in case you re not familiar with those words.

1 whether you purchase your insurance through the standard market 2 whether your drivers travel out of state and 3 whether you transport hazardous materials. The mcs 90 is not an actual insurance policy. Bmc 91x liability filing is submitted to the fmcsa as proof that the mcs 90 endorsement has been issued. It exists to assure the public that the damaged party will receive at least a minimum of recovery for their loss regardless of the illiquidity of the responsible motor carrier.

Mcs 90 endorsement an endorsement that must be attached to the auto liability policy of certain regulated motor carriers to ensure that federally mandated coverage e g required liability limits and environmental restitution coverage is in place. The mcs 90 is an endorsement serving as proof of this coverage that companies must have in order to stay compliant. The mcs 90 endorsement requirements depend on three things. 3 31 2021 form mcs 90 page 2 of 3 the insurance policy to which this endorsement is attached provides automobile liability insurance and is amended to assure compliance by the insured within the limits stated herein as a motor carrier of property with sections 29 and 30 of the motor.

An endorsement is insurance company speak for an add on to a standard insurance policy. The mcs 90 is not an insurance policy and it is not filed with fmcsa. The endorsement does not actually provide insurance except on a reimbursement basis. Motor carriers that self insure must prove to the fmcsa they will pay damages when they are at fault in an accident.

And interstate commerce means doing business that crosses state lines. Form mcs 90 revised 01 05 2017 omb no. Mcs 90 is nothing more than a guarantee that motor carrier could fulfill its financial responsibility to the public. Form mcs 90 revised 3 31 2020 omb no.

Form mcs 90 endorsement for motor carrier policies of insurance for public liability under sections 29 and 30 of the motor carrier act of 1980 mcs 90 8 3 2020 508 pdf about this form.