[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR62.14]

[Page 272-273]
 
                       TITLE 22--FOREIGN RELATIONS
 
                     CHAPTER I--DEPARTMENT OF STATE
 
PART 62_EXCHANGE VISITOR PROGRAM--Table of Contents
 
                      Subpart A_General Provisions
 
Sec.  62.14  Insurance.

    (a) Sponsors shall require each exchange visitor to have insurance 
in effect which covers the exchange visitor for sickness or accident 
during the period of time that an exchange visitor participates in the 
sponsor's exchange visitor program. Minimum coverage shall provide:
    (1) Medical benefits of at least $50,000 per accident or illness;
    (2) Repatriation of remains in the amount of $7,500;
    (3) Expenses associated with the medical evacuation of the exchange 
visitor to his or her home country in the amount of $10,000; and
    (4) A deductible not to exceed $500 per accident or illness.
    (b) An insurance policy secured to fulfill the requirements of this 
section:
    (1) May require a waiting period for pre-existing conditions which 
is reasonable as determined by current industry standards;
    (2) May include provision for co-insurance under the terms of which 
the exchange visitor may be required to pay up to 25% of the covered 
benefits per accident or illness; and
    (3) Shall not unreasonably exclude coverage for perils inherent to 
the activities of the exchange program in which the exchange visitor 
participates.
    (c) Any policy, plan, or contract secured to fill the above 
requirements must, at a minimum, be:
    (1) Underwritten by an insurance corporation having an A.M. Best 
rating of ``A-'' or above, an Insurance Solvency International, Ltd. 
(ISI) rating of ``A-i'' or above, a Standard & Poor's Claims-paying 
Ability rating of ``A-'' or above, a Weiss Research, Inc. rating of B+ 
or above, or such other rating as the Department of State may from time 
to time specify; or
    (2) Backed by the full faith and credit of the government of the 
exchange visitor's home country; or
    (3) Part of a health benefits program offered on a group basis to 
employees

[[Page 273]]

or enrolled students by a designated sponsor; or
    (4) Offered through or underwritten by a federally qualified Health 
Maintenance Organization (HMO) or eligible Competitive Medical Plan 
(CMP) as determined by the Health Care Financing Administration of the 
U.S. Department of Health and Human Services.
    (d) Federal, state or local government agencies, state colleges and 
universities, and public community colleges may, if permitted by law, 
self-insure any or all of the above-required insurance coverage.
    (e) At the request of a non-governmental sponsor of an exchange 
visitor program, and upon a showing that such sponsor has funds readily 
available and under its control sufficient to meet the requirements of 
this section, the Department of State may permit the sponsor to self-
insure or to accept full financial responsibility for such requirements.
    (f) The Department of State, in its sole discretion, may condition 
its approval of self-insurance or the acceptance of full financial 
responsibility by the non-governmental sponsor by requiring such sponsor 
to secure a payment bond in favor of the Department of State 
guaranteeing the sponsor's obligations hereunder.
    (g) An accompanying spouse or dependent of an exchange visitor is 
required to be covered by insurance in the amounts set forth in 
paragraph (a) of this section. Sponsors shall inform exchange visitors 
of this requirement, in writing, in advance of the exchange visitor's 
arrival in the United States.
    (h) An exchange visitor who willfully fails to maintain the 
insurance coverage set forth above while a participant in an exchange 
visitor program or who makes a material misrepresentation to the sponsor 
concerning such coverage shall be deemed to be in violation of these 
regulations and shall be subject to termination as a participant.
    (i) A sponsor shall terminate an exchange visitor's participation in 
its program if the sponsor determines that the exchange visitor or any 
accompanying spouse or dependent willfully fails to remain in compliance 
with this section.

[58 FR 15196, Mar. 19, 1993, as amended at 59 FR 34761, July 7, 1994. 
Redesignated at 64 FR 54539, Oct. 7, 1999]