Print This Page
E-mail This Page
 |
 |
|
Code of Federal Regulations Pertaining to U.S. Department of Labor |
|
Employees' Benefits |
|
|
Employment Standards Administration, Department of Labor |
|
|
|
Black Lung Benefits; Requirements for Coal Mine Operator's Insurance |
|
|
|
|
Authorization of Self-Insurers |
20 CFR 726.114 - Period of authorization as self-insurer; reauthorization.
- Section Number: 726.114
- Section Name: Period of authorization as self-insurer; reauthorization.
(a) No initial authorization to self-insure shall be granted for a
period in excess of 18 months. A self-insurer who has made an adequate
deposit of negotiable securities in compliance with Secs. 726.106(c)
and 726.107 will be reauthorized for the ensuing fiscal year without
additional security if the Office finds that his experience as a self-
insurer warrants such action. If the Office determines that such self-
insurer's experience indicates a need for the deposit of additional
security, no reauthorization shall be issued for the ensuing fiscal
year until the Office receives satisfactory proof that the requisite
amount of additional securities has been deposited. A self-insurer who
currently has on file an indemnity bond will receive from the Office
each year a bond form for execution in contemplation of
reauthorization, and the submission of such bond duly executed in the
amount indicated by the Office will be deemed and treated as such self-
insurer's application for reauthorization for the ensuing fiscal year.
(b) In each case for which there is an approved change in the
amount of
security provided, a new agreement and undertaking shall be executed.
(c) Each operator authorized to self-insure under this part shall
apply for reauthorization for any period during which it engages in the
operation of a coal mine and for additional periods after it ceases
operating a coal mine. Upon application by the operator, accompanied by
proof that the security it has posted is sufficient to secure all
benefits potentially payable to miners formerly employed by the
operator, the Office shall issue a certification that the operator is
exempt from the requirements of this part based on its prior operation
of a coal mine. The provisions of subpart D of this part shall be
applicable to any operator that fails to apply for reauthorization in
accordance with the provisions of this section.
|
|
|
