Insurance Carrier Security Deposit Requirements | Midpage

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Code of Federal Regulations

Subpart C

Insurance Carrier Security Deposit Requirements

703.201Deposits of security by insurance carriers.703.202Identification of significant gaps in State guaranty fund coverage for LHWCA obligations.703.203Application for security deposit determination; information to be submitted; other requirements.703.204Decision on insurance carrier's application; minimum amount of deposit.703.205Filing of Agreement and Undertaking; deposit of security.703.206[Reserved]703.207Kinds of negotiable securities that may be deposited; conditions of deposit; acceptance of deposits.703.208Deposits of negotiable securities with Federal Reserve banks or the Treasurer of the United States; interest thereon.703.209Substitution and withdrawal of indemnity bond, letters of credit or negotiable securities.703.210Increase or reduction in security deposit amount.703.211Authority to seize security deposit; use and/or return of proceeds.703.212Required reports; examination of insurance carrier accounts.703.213Failure to comply.