Obligee for ICC bond?

[Bond Magician]

Who would the obligee for an ICC bond be? Where do I find that information?

[Surety Queen]

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.

[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.

[Surety Queen]

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.

[Admin]

Surety Queen is absolutely right. The three parties are as follows:

Obligee: FMCSA
Carrier: Bonding Company
Principal: Freight Broker

[don jipping]

10-4
my mistake

don