GroundRules
20 CFR 726.107: How negotiable securities are handled.
Where this section sits in the code
- Title 20—Employees' Benefits
- CHAPTER VI—OFFICE OF WORKERS' COMPENSATION PROGRAMS, DEPARTMENT OF LABOR
- SUBCHAPTER B—FEDERAL COAL MINE HEALTH AND SAFETY ACT OF 1969, AS AMENDED
- PART 726—BLACK LUNG BENEFITS; REQUIREMENTS FOR COAL MINE OPERATOR'S INSURANCE
- Subpart B—Authorization of Self-Insurers
(a) Deposits of securities provided for by the regulations in this part must be made with any Federal Reserve bank or any branch of a Federal Reserve bank designated by OWCP, or the Treasurer of the United States, and must be held in the name of the Department of Labor.
(b) If the self-insurer defaults on its obligations under the Act, OWCP has the power, in its discretion, to:
(1) Collect the interest as it may become due;
(2) Sell any or all of the securities; and
(3) Apply the collected interest or proceeds from the sale of securities to the payment of any benefits for which the self-insurer may be liable.
(c) If a self-insurer with deposits of securities has neither defaulted nor appealed from a determination made by OWCP under § 726.104, OWCP may allow the self-insurer to collect interest on the security deposit.
Collected 2026-08-27T02:24:45Z. Source file · JSON