33 CFR 135.211 - Surety bond as evidence.
(a) Each surety bond filed with the Fund Administrator as evidence of financial responsibility shall be issued by a bonding company that:
(3) Is certified by the Department of the Treasury with respect to the issuance of Federal bonds in the penal sum of the bond; and
(b) The bonding company must agree to be sued directly, within the limits of the surety bond, by any person for claims under the Act against the owner or operator.
(c) A surety bond 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 bonded, 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 surety bond 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.