(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.
[25 FR 2944, Apr. 7, 1960, as amended at 42 FR 49, Jan. 3, 1977]