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Code of Federal Regulations Title 10. Energy § 10.140.14 Types of financial protection

Current as of October 02, 2022 | Updated by FindLaw Staff

(a) The amounts of financial protection required under this part may be furnished and maintained in the form of:

(1) An effective policy of liability insurance from private sources;  or

(2) Adequate resources to provide the financial protection required by §§ 140.11, 140.12;  140.13 or § 140.13a;  or

(3) Such other type of financial protection as the Commission may approve;  or

(4) Any combination of the foregoing.

(b) In any case where the Commission has approved proof of financial protection filed by a licensee the licensee shall not substitute one type of financial protection for another type without first obtaining the written approval of the Commission.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 10. Energy § 10.140.14 Types of financial protection - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-10-energy/cfr-sect-10-140-14/

Read this complete Code of Federal Regulations Title 10. Energy § 10.140.14 Types of financial protection on Westlaw

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