30 C.F.R. § 887.5 Definitions.
Title 30 - Mineral Resources
As used in this part— Establishment—means either the development of a subsidence insurance program or the administration or operation of a subsidence insurance program. Private property—means any or all of the following: dwellings and improvements, commercial and industrial structures, utilities, underground structures such as sewers, pipes, wells and septic systems, sidewalks and driveways, and land. Self-sustaining—means maintaining an insurance rate structure which is designed to be actuarially sound. Self-sustaining requires that State subsidence insurance programs provide for recovery of payments made in settlement for damages from any party responsible for the damages under the law of the State. Actuarial soundness implies that funds are sufficient to cover expected losses and expenses including a reasonable allowance for underwriting services and contingencies. Self-sustaining shall not preclude the use of funds from other non-Federal sources. State Administered—means administered either directly by a State agency or for a State through a State authorized commission, board, contractor, such as an insurance company, or other entity subject to State direction.
Title 30: Mineral Resources
PART 887—SUBSIDENCE INSURANCE PROGRAM GRANTS
§ 887.5 Definitions.
