The Blanket of Coverage form is known as BOC-3. All motor carriers, freight forwarders, and brokers that engage in interstate commerce are required to have it by the Federal Motor Carrier Safety Administration (FMCSA). A designated authorized agent for process serving is listed on the BOC-3 form for each state in which the carrier or broker conducts business. What does an authorized agent do?
A person or organization with the authority to accept legal documents on a carrier’s or broker’s behalf is known as an authorized agent. Each state where the carrier or broker conducts business must have a physical address for this individual or organization. Additionally, they must be accessible throughout regular business hours to accept legal documents including subpoenas, court summonses, and other legal notices. What is Corporate Filing, exactly?
A business entity is registered with the Secretary of State or a similar office in the state where the business is located through the corporate filing process. All business entities, including corporations, partnerships, limited liability companies (LLCs), and sole proprietorships, are subject to this requirement.
A person or organization designated to receive legal documents on behalf of a carrier or broker is known as a process agent. These documents must be sent to the carrier or broker, and the process agent must make sure they are properly served. Each state where the carrier or broker conducts business requires them to have a physical address.
It is legally necessary for all motor carriers, freight forwarders, and brokers who engage in interstate commerce to have a process agent, thus you need one. If you don’t follow this regulation, you risk fines, penalties, and possibly having your operating authority revoked.
Unified Carrier Registration is referred to as UCR. It is a federal scheme that mandates registration and annual fees based on the fleet size for all motor carriers, freight forwarders, and brokers. To ensure that all carriers and brokers contribute to the cost of maintaining the country’s highways and infrastructure, the UCR program was developed.
What does it cost to submit a BOC-3 then? Depending on the authorized agency or process agent you select, submitting BOC-3 has a range of costs. While some authorized agents charge a set price, others bill clients according to the state. The price per state might range from $25 to $100.
In conclusion, following the law is essential for any organization, but particularly for those in the transportation sector. Some of the legal formalities that you must follow include submitting a BOC-3 form, choosing an authorized agent, and employing a process server. You can prevent fines, penalties, and other legal concerns that could harm your company by being aware of these laws and the costs involved.
Visit the UCR website and follow the registration steps to submit an online application for UCR. You must provide details about your company and pay the necessary registration fees. You will receive a UCR certificate once your registration is finished, which you must always retain in your car.