Regulations last checked for updates: Oct 18, 2024

Title 30 - Mineral Resources last revised: Oct 03, 2024
§ 553.21 - How can I use self-insurance as OSFR evidence?

(a) If you use self-insurance to satisfy all or part of your obligation to demonstrate OSFR, you must annually pass either a net worth test under § 553.25 or an unencumbered net asset test under § 553.28.

(b) To establish the amount of self-insurance allowed, you must submit evidence of your net worth under § 553.23 or evidence of your unencumbered assets under § 553.26.

(c) You must identify a U.S. agent for service of process.

authority: 33 U.S.C. 2704,2716; 2716a; E.O. 12777, as amended
source: 76 FR 64623, Oct. 18, 2011, unless otherwise noted.
cite as: 30 CFR 553.21