[Code of Federal Regulations]
[Title 14, Volume 4]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR205.7]

[Page 21]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
   CHAPTER II--OFFICE OF THE SECRETARY, DEPARTMENT OF TRANSPORTATION 
                         (AVIATION PROCEEDINGS)
 
PART 205--AIRCRAFT ACCIDENT LIABILITY INSURANCE--Table of Contents
 
Sec. 205.7  Cancellation, withdrawal, modification, expiration, or replacement of insurance coverage.

    (a) Each policy of aircraft accident liability insurance and plan 
for self insurance shall specify that it shall remain in force, and may 
not be replaced, canceled, withdrawn, or in any way modified to reduce 
the minimum standards set forth in this part, or to change the extent of 
coverage, by the insurer or the carrier, nor expire by its own terms, in 
regard to coverage for the carrier in its common carrier operations in 
air transportation, until 10 days after written notice by the insurer 
(in the event of replacement, by the retiring insurer), or by the 
insurer's representative, or by the carrier, describing the change, to 
the Department's Office of Aviation Analysis (or, for Alaskan air taxi 
operators, to the Department's Alaska Field Office), which 10-day notice 
period shall start to run from the date such notice is actually received 
at the Department. For purposes of this part, a policy will not be 
considered to have expired if the same insurer renews its coverage 
without reduction in the extent of coverage or amounts of coverage, and 
without a break in coverage, whether or not a new policy is issued, and 
notice to the Department is not required in that event. If the coverage 
being changed is by type or class of aircraft or by specific aircraft, 
endorsements adding or deleting specific aircraft or types or classes of 
aircraft, for which prior notice would be required by this paragraph, 
shall be filed in accordance with Sec. 205.4(b), and prior notice of the 
change need not be given under this paragraph.
    (b) The requirements of this section shall not apply if the policy 
contains a lesser time period for cancellation in a war risk exclusion. 
If the war risk exclusion is activated by the insurer, the insurer or 
its representative shall immediately notify the Department.

[Docket No. 47939, 57 FR 40100, 40101, Sept. 2, 1992]