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  1. Bond Magician
    Bond Magician is offline Senior Member
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    Oct 2007
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    Obligee for ICC bond?

    Who would the obligee for an ICC bond be? Where do I find that information?
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  2. Surety Queen
    Surety Queen is offline Surety Professional
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    ICC Bonds

    Quote Originally Posted by Bond Magician
    Who would the obligee for an ICC bond be? Where do I find that information?
    The Obligee for the BMC-84 freight broker bond (commonly referred to as an ICC Bond), is the Federal Motor Carrier Safety Administration (FMCSA). You can find their information by doing an internet search.
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  3. don jipping
    don jipping is offline BMC-85 Expert
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    Obligee

    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.
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  4. Surety Queen
    Surety Queen is offline Surety Professional
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    ICC Bonds

    Quote 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.
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  5. Admin
    Admin is offline Administrator
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    Surety Queen is absolutely right. The three parties are as follows:

    Obligee: FMCSA
    Carrier: Bonding Company
    Principal: Freight Broker
    Surety Bond Articles
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  6. don jipping
    don jipping is offline BMC-85 Expert
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    Feb 2005
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    74

    10-4
    my mistake

    don
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