30 C.F.R. § 253.21   How can I use self-insurance as OSFR evidence?


Title 30 - Mineral Resources


Title 30: Mineral Resources
PART 253—OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES
Subpart C—Methods for Demonstrating OSFR

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§ 253.21   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 §253.25 or an unencumbered net asset test under §253.28.

(b) To establish the amount of self-insurance allowed, you must submit evidence of your net worth under §253.23 or evidence of your unencumbered assets under §253.26.

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

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