[Federal Register Volume 63, Number 219 (Friday, November 13, 1998)]
[Notices]
[Pages 63521-63522]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30368]
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
Financial Responsibility Advisory Material
AGENCY: Federal Aviation Administration, Associate
[[Page 63522]]
Administrator for Commercial Space Transportation, DOT.
ACTION: Notice of availability of advisory material.
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SUMMARY: This is a notice of availability of an Advisory Circular (AC),
which provides guidance as to an acceptable means of compliance with
certain conditions of insurance coverage required for the conduct of
licensed launch activities.
FOR FURTHER INFORMATION CONTACT:
Ms. Esta M. Rosenberg, Attorney-Advisor, Regulations Division, Office
of the Chief Counsel, Federal Aviation Administration, U.S. Department
of Transportation (202) 366-9320.
SUPPLEMENTARY INFORMATION: This notice announces the availability of
Advisory Circular Number 440-1, issued November 3, 1998, by the
Associate Administrator for commercial Space Transportation concerning
financial responsibility requirements for licensed launch activities.
The FAA Advisory circular System provides guidance and advisory
information to the public on aviation and aerospace matters, including
acceptable methods of demonstrating compliance with Federal Aviation
Regulations and Commercial Space Transportation Regulations.
Part 440 of the Commercial Space Transportation, FAA, DOT
Regulations, 14 CFR Ch. III, prescribes insurance and other financial
responsibility requirements for the conduct of licenses launch
activities. One condition of insurance coverage provides that each
insurance policy obtained by a launch licensee under Part 440 be placed
with an insurer that is licensed to do business in any State,
territory, possession of the United States, or the District of
Columbia. Advisory Circular Number 440-1 states that a licensee
satisfies the condition if policies of insurance obtained under Part
440 contain a service of suit clause in which the insurer agrees to
submit to the jurisdiction of a court of competent jurisdiction within
the United States and designates an authorized agent with the United
States for service of legal process.
A copy of Advisory Circular Number 440-1 may be obtained from the
Associate Administrator for Commercial Space Transportation (AST),
Federal Aviation Administration, Room 331, 800 Independence Avenue,
SW., Washington, DC 20591. Internet users may obtain a copy by
accessing AST's webpage at http://ast.faa.gov. Issued in Washington,
DC, on November 3, 1998.
Patricia Grace Smith,
Associate Administrator for Commercial Space Transportation.
[FR Doc. 98-30368 Filed 11-12-98; 8:45 am]
BILLING CODE 4910-13-M
