20CFR726.204 - Statutory policy provisions.


	Content Last Revised: 1/19/01 ---DISCLAIMER---

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 C

Insurance Contracts

20 CFR 726.204 - Statutory policy provisions.

Section Number: 726.204
Section Name: Statutory policy provisions.

    Pursuant to section 423(b) of part C of title IV of the Act each 
policy or contract of insurance obtained to comply with the 
requirements of section 423(a) of the Act must contain or shall be 
construed to contain--
    (a) A provision to pay benefits required under section 422 of the 
Act, notwithstanding the provisions of the State workmen's compensation 
law which may provide for lesser payments; and,
    (b) A provision that insolvency or bankruptcy of the operator or 
discharge therein (or both) shall not relieve the carrier from 
liability for such payments.