Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 20 - Employees' Benefits |
Chapter VI - Office of Workers' Compensation Programs, Department of Labor |
SubChapter A - Longshoremen'S and Harbor Workers' Compensation Act and Related Statutes |
Part 703 - Insurance Regulations |
Subpart D - Authorization of Self-Insurers |
§ 703.312 - Period of authorization as self-insurer.
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§ 703.312 Period of authorization as self-insurer.
(a) Self-insurance authorizations will remain in effect for so long as the self-insurer complies with the requirements of the Act, the regulations in this part, and OWCP.
(b) A self-insurer who has secured its liability by depositing an indemnity bond with the Office will, on or about May 10 of each year, receive from the Office a form for executing a bond that will continue its self-insurance authorization. The submission of such bond, duly executed in the amount indicated by the Office, will be deemed a condition of the continuing authorization.