On June 22, 2010 the Federal Motor Carrier Safety Administration issued a final rule amending 49 CFR Parts 365 and 387 eliminating the requirement for most for-hire motor common carriers of property and freight forwarders to maintain cargo insurance in the prescribed minimum amounts of $5,000 per vehicle and $10,000 per occurence and file evidence of this insurance. This new rule, Cargo Insurance for Property Loss or Damage, is effective on March 21, 2011. The final rule limites the requiremetns for cargo insurance filings during authority registration (Section 365.109) to household goods motor carriers and household goods frieght forwarders.