2011-15851. Surety Companies Acceptable In Federal Bonds; Termination; Clearwater Insurance Company

AGENCY:

Financial Management Service, Fiscal Service, Department of the Treasury.

ACTION:

Notice.

SUMMARY:

This is Supplement No. 12 to the Treasury Department Circular 570; 2010 Revision, published July 1, 2010, at 75 FR 38192.

FOR FURTHER INFORMATION CONTACT:

Surety Bond Branch at [phone].

SUPPLEMENTARY INFORMATION:

Notice is hereby given that the Certificate of Authority issued by the Treasury to Clearwater Insurance Company (NAIC# 25070) under 31 U.S.C. 9305 to qualify as an acceptable surety on Federal bonds is terminated immediately. Federal bond-approving officials should annotate their reference copies of the Treasury Department Circular 570 (“Circular”), 2010 Revision, to reflect this change.

With respect to any bonds, including continuous bonds, currently in force with above listed company, bond-approving officer should secure new bonds with acceptable sureties in those instances where a significant amount of liability remains outstanding. In addition, in no event, should bonds that are continuous in nature be renewed.

The Circular may be viewed and downloaded through the Internet at http://www.fms.treas.gov/​c570.

Questions concerning this notice may be directed to the U.S. Department of the Treasury, Financial Management Service, Financial Accounting and Services Division, Surety Bond Branch, 3700 East-West Highway, Room 6F01, Hyattsville, MD 20782.

Dated: June 16, 2011.

Laura Carrico,

Director, Financial Accounting and Services Division, Financial Management Service.