The Federal Motor Carrier Safety Administration (FMCSA) published its final rule that eliminates the need for Canadian insurance companies to maintain U.S.-issued policies. The FMCSA supported the rule in part because Canada does not impose similar standards on the U.S. The rule, which will take effect on Aug. 2, will have no effect on the minimum insurance leveles required of Canadian carriers who cross into U.S. territory.

WASHINGTON — Canadian cross-border carriers will no longer need to be insured by a U.S. company or maintain a policy “reinsured” by the American issuer.

The Federal Motor Carrier Safety Administration officially published a final rule that eliminate the need for Canadian insurance companies to link with a U.S. insurer to legally cover Canada-domiciled motor carriers operating in the U.S.

FMCSA stated, however, that there would be no change in the minimum insurance levels required of Canadian carriers hauling down south.

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