The candidate must get hold of an Operating Authority number from the Federal Motor Carrier Safety Administration by filling out a form on the FMCSA website. Known as a Freight Broker Bond, it exists to cowl losses by the motor service, in case the broker commits fraud or other lapses. Prior to 2012, the minimum bond was $10,000, though many brokers chose to obtain higher amounts. Catch what’s new from Progressive – online, on TV, and on the street. Find solutions to your insurance questions, insights into current trends, and tools for navigating life in our resource center. Whether you’re looking for a brand new profession or just want to be taught extra about Progressive, you’ll find all the information you have to get started here. If you need to discover out even more concerning the world of traditional automobile delivery and transportation, we’ve received your back.
We can make sure that your car’s braking system is operating at peak efficiency for your safety and your loved ones’s. TIA board member Ken Lund acknowledged that the new bond may be difficult for smaller brokers to pay, but defended it as “fairly priced” and useful to forestall fraud. A 3-yr relevant experience and licensed coaching requirement to obtain a dealer license, bringing auto delivery dealer qualification necessities consistent with the ocean shipping business. The Moving Ahead for Progress in the 21st Century Act, signed by President Obama on July 6 of 2012, launched numerous new rules for auto transport brokers. The … Read More