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Originally Posted by don jipping Wouldn't the obligee be the insurance company who issues the bond?
the obligator would be the freight broker themselves.
The FMCSA does NOT settle claims or pay out any money. Nor do they take any legal obligation to guarantee a broker or the insurance company or the trust holder. They are only the governing body. |
No - the Obligee is who is requiring the bond of the Principal. FMCSA requires the bond in order for the freight broker to obtain their license.