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Bond and Insurance

Insurance Requirements

Please review Federal Motor Carrier Safety Administration Regulations for Minimum Levels of Financial Responsibility for Motor Carriers — Title 49, Part 387.
 
  • ​For motor carriers who only operate in Oregon.
  • Insurance agents need to file proof of liability with Form E.
  • ​Needed when hauling loads for-hire that are subject to loss or damage during transportation.
  • Insurance agents need to file proof of Cargo minimum amount of $10,000 with Form H.

Note: Forms E and H are insurance industry forms only, not supplied by MCTD.

Bond Requirements

After your account is established, a letter is sent stating the required bond amount, due date and instructions for posting. See Oregon Administrative Rule 7740-040-0070 — Deposits to Secure Payment of Fees, Taxes, Charges, Penalties and Interest.
 
  • ​Surety Bonds are the most common and can be obtained from most insurance companies.
  • Cash Deposits earn interest which is credited to the motor carrier's account.
  • Savings Assignment.
  • ​Security deposit fees apply to new for-hire motor carriers who has not established an account.
  • Different requirements exist for private carriers, farmers and vehicles using gasoline for which Oregon state fuel tax is paid.
  • The bond must be posted to your account by the due date to avoid suspension of your account.
  • Call our Bond and Insurance team for more details.

​Bond may be waived when the following minimum criteria are met.

  • Twelve consecutive months of filing reports on time.
  • No suspensions.
  • All payments on-time and cleared.
  • No billings outstanding.
Note: When a carrier no longer meets the minimum criteria, the bond may be increased or a previously waived bond may be required.
 

Contact Us

Salem Headquarters
Oregon Department of Transportation
Motor Carrier Transportation Division
3930 Fairview Industrial Drive SE
Salem OR 97302-1166
Phone: 503-378-6699
 
Hours of Operation (Pacific Time)
Offices: 8 a.m. to 5 p.m.
Monday through Friday
 

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