33 CFR 135.209 - Guaranty as evidence.
(1) Agree to be sued directly, within the limits the guaranty, by any person for claims under the Act against the owner or operator; and
(b) Guaranties filed as evidence of financial responsibility must be accompanied by the same proof that the Guarantor is financially responsible as this subpart would require of the owner or operator; i.e., insurance, surety bond, self-insurance, or other acceptable methods.
(c) A guaranty as evidence of financial responsibility must indicate the effective date in the endorsement on the application for Certificate of Financial Responsibility, and must remain in force until the date of termination indicated in the endorsement or until:
(1) 30 days after mailing, by certified mail, to the Fund Administrator, and the person guarantied, notification of intent to cancel; or
(2) Other evidence of financial responsibility acceptable to the Fund Administrator has been established; or
(3) The facility to which the guaranty applies ceases to be a facility under § 135.201(b).
Title 33 published on 2013-07-01
no entries appear in the Federal Register after this date.