30 CFR 553.61
§ 553.61 When is a guarantor subject to direct action for claims?
United States · 30 CFR — Mineral Resources · Status: effective
Cite this
- Citation
- 30 CFR 553.61, § 553.61 When is a guarantor subject to direct action for claims?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/135448
- Permanent ID
ys:prov:135448@1- SHA-256
3cb103508e863be30d63c8f6801de07bcfff5161103974ac96b5d7c348881d41
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) If you are a guarantor, then you are subject to direct action for any claim asserted by:
(1) The United States for any compensation paid by the Fund under OPA, including compensation claim processing costs; and
(2) A claimant other than the United States if the designated applicant has:
(i) Denied or failed to pay a claim because of being insolvent; or
(ii) Filed a petition in bankruptcy under 11 U.S.C. chapters 7 or 11.
(b) If you participate in an insurance guaranty for a COF incident (i.e., oil-spill discharge or substantial threat of the discharge of oil) that is subject to claims under this part, then your maximum, aggregate liability for those claims is equal to your quota share of the insurance guaranty.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.