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Content Last Revised: 1/19/01
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CFR  

Code of Federal Regulations Pertaining to U.S. Department of Labor

Title 20  

Employees' Benefits

 

Chapter VI  

Employment Standards Administration, Department of Labor

 

 

Part 726  

Black Lung Benefits; Requirements for Coal Mine Operator's Insurance

 

 

 

Subpart B  

Authorization of Self-Insurers

20 CFR 726.105 - Fixing the amount of security.

  • Section Number: 726.105
  • Section Name: Fixing the amount of security. 
    The Office shall require the amount of security which it deems 
necessary and sufficient to secure the performance by the applicant of 
all obligations imposed upon him as an operator by the Act. In 
determining the amount of security required, the factors that the 
Office will consider include, but are not limited to, the operator's 
net worth, the existence of a guarantee by a parent corporation, and 
the operator's existing liability for benefits. The Office shall also 
consider such other factors as it considers relevant to any particular 
case. The amount of security which shall be required may be increased 
or decreased when experience or changed conditions so warrant.
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