Code of Federal Regulations Title 33. Navigation and Navigable Waters § 33.135.207 Insurance as evidence

(1) Agree to be sued directly, within the limits of the policy coverage, by any person for claims under the Act against the owner or operator;  and

(2) Designate an agent in the United States for service of process.

(1) 30 days after mailing, by certified mail, to the Fund Administrator, and the person insured, notification of intent to cancel;  or

(2) Other evidence of financial responsibility acceptable to the Fund Administrator has been established;  or

(3) The facility to which the insurance applies ceases to be a facility under § 135.201(b).

(1) States the insurance covers liabilities under the Act;

(2) Sets forth the limit and deductible;

(3) Provides for direct action against the individual underwriters to the extent of their contracts;

(4) Names the underwriters and percentages of the limit accepted by each;

(5) States that the underwriters agree to give prior written notice of cancellation or change to the Fund Administrator as required in paragraph (c) of this section;  and

(6) States that the notice indicated in paragraph (e)(5) of this section will not affect the underwriter's liability for incidents occurring before the effective date of cancellation.