What is the MCS90?
The MCS90 actually came to be during The Motor Carrier ACT of 1980. The act states that each motor carrier traveling “interstate” for-hire is required to show proof that they have a financial responsibility equal to or greater than the minimums required by each state. This can be done either by self-insure, surety bond or “insurance” through a transportation insurance market, and will require the MCS-90.
The MCS90 is a financial responsibility that guarantee’s there will be some source of funds to pay for a loss if the insured is legally liable.