The federal financial responsibility requirementsvary by the type of carrier, size of vehicle, andproperty being transported. A carrier for hire in interstateor foreign commerce with a gross vehicleweight over 10,000 pounds carrying nonhazardousproperty must maintain limits of $750,000 coveringits public liability, with public liability includingproperty damage, bodily injury, and environmentalrestoration. For-hire and private carriers transportinghazardous materials are subject to requirements of$1 million or $5 million, depending on the materialcarried and the size of the vehicle. Financial responsibilitymay be met by carrying appropriate liabilityinsurance, but the policy must contain a mandatoryendorsement, MCS-90, which conforms the policy tothe requirements of federal law. Financial
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