[Code of Federal Regulations]

[Title 14, Volume 4]

[Revised as of January 1, 2006]

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not be replaced, canceled, withdrawn, or in any way modified to reduce 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 at the addresses specified in Sec. 205.4(c), 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, as amended at 70 

FR 25768, May 16, 2005]