IRMI Update Quiz
Which primary objective does the new Broker and Freight Forwarder Financial Responsibility rule seek to achieve in regulating brokers and freight forwarders?
A. Increasing the number of licensed brokers in the transportation industry
B. Preventing fraudulent behavior and ensuring financial responsibility to motor carriers
C. Expanding the types of assets allowed in trust funds beyond current limits
D. Allow surety providers to file the BMC-85 for the broker/freight forwarder.
Correct Answer: B. Preventing fraudulent behavior and ensuring financial responsibility to motor carriers. The Federal Motor Carrier Safety Administration (FMCSA) created a set of rules, effective January 16, 2026, to better protect motor carriers from nonpayment by brokers and freight forwarders. This new discussion provides an overview of the compliance requirements for this 2026 FMCSA rule. Read the overview.