The Federal Motor Carrier Safety Administration is adopting several revisions proposed by NAMIC to a forthcoming final rule concerning Exemption from Operating Authority Regulations for Providers of Recreational Activities.
Specifically, FMCSA revised its quantified estimates of potential insurance cost savings pursuant to NAMIC’s suggestion. The agency also concurred with NAMIC that the degree of insurance cost savings is dependent on several factors. In light of this, the FMCSA amended the proposed rule by removing quantified estimates of insurance cost savings and acknowledging the varying impacts state insurance requirements will have on the degree of cost savings.
Post Details
Publish Date
February 26, 2024
News Type
- Washington Weekly
Topics
- Auto Insurance
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