The insured must pay the premium for insurance issued under this part within the stated period after receipt of notice that premium payment is due and in accordance with the provisions of the applicable FAA insurance policy. Premiums must be sent to the FAA, and made payable to the FAA.
source: Docket No. 28893, 63 FR 13739, Mar. 20, 1998, unless otherwise noted.
cite as: 14 CFR 198.13