[Code of Federal Regulations]
[Title 48, Volume 1]
[Revised as of October 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 48CFR50]

[Page 954-955]
 
            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM
 
                CHAPTER 1--FEDERAL ACQUISITION REGULATION
 
PART 50_EXTRAORDINARY CONTRACTUAL ACTIONS--Table of Contents
 
                      Subpart 50.4_Residual Powers
 
Sec.  50.403-1  Indemnification requests.

    (a) Contractor requests for the indemnification clause to cover 
unusually hazardous or nuclear risks should be submitted to the 
contracting officer and shall include the following information:
    (1) Identification of the contract for which the indemnification 
clause is requested.
    (2) Identification and definition of the unusually hazardous or 
nuclear risks for which indemnification is requested, with a statement 
indicating how the contractor would be exposed to them.
    (3) A statement, executed by a corporate official with binding 
contractual authority, of all insurance coverage applicable to the risks 
to be defined in the contract as unusually hazardous or nuclear, 
including--
    (i) Names of insurance companies, policy numbers, and expiration 
dates;

[[Page 955]]

    (ii) A description of the types of insurance provided (including the 
extent to which the contractor is self-insured or intends to self-
insure), with emphasis on identifying the risks insured against and the 
coverage extended to persons or property, or both;
    (iii) Dollar limits per occurrence and annually, and any other 
limitation, for relevant segments of the total insurance coverage;
    (iv) Deductibles, if any, applicable to losses under the policies;
    (v) Any exclusions from coverage under such policies for unusually 
hazardous or nuclear risks; and
    (vi) Applicable workers' compensation insurance coverage.
    (4) The controlling or limiting factors for determining the amount 
of financial protection the contractor is to provide and maintain, with 
information regarding the availability, cost, and terms of additional 
insurance or other forms of financial protection.
    (5) Whether the contractor's insurance program has been approved or 
accepted by any Government agency; and whether the contractor has an 
indemnification agreement covering similar risks under any other 
Government program, and, if so, a brief description of any limitations.
    (6) If the contractor is a division or subsidiary of a parent 
corporation, (i) a statement of any insurance coverage of the parent 
corporation that bears on the risks for which the contractor seeks 
indemnification and (ii) a description of the precise legal relationship 
between parent and subsidiary or division.
    (b) If the dollar value of the contractor's insurance coverage 
varies by 10 percent or more from that stated in an indemnification 
request submitted in accordance with paragraph (a) above, or if other 
significant changes in insurance coverage occur after submission and 
before approval, the contractor shall immediately submit to the 
contracting officer a brief description of the changes.