Office of the Associate Administrator for Commercial Space Transportation: Insurance Determinations Requirements As of July 22, 1997

doi:10.21949/1403307

i

Office of the Associate Administrator for Commercial Space Transportation: Insurance Determinations Requirements As of July 22, 1997

1997-07-22
By United States. Department of Transportation. Federal Aviation Administration. Office of the Associate Administrator for Commercial Space Transportation

File Language:

English

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Corporate Creators:

United States. Department of Transportation. Federal Aviation Administration. Office of the Associate Administrator for Commercial Space Transportation
Corporate Contributors:

United States. Department of Transportation. Federal Aviation Administration
Subject/TRT Terms:
DOI:

https://doi.org/10.21949/1403307
Resource Type:

Organization Info
Geographical Coverage:

United States
Corporate Publisher:

United States. Department of Transportation. Federal Aviation Administration
Abstract:

The Commercial Space Launch Act requires that all commercial licensees demonstrate financial responsibility to compensate for the maximum probable loss (MPL) from claims by a third party for death, bodily injury, or property damage or loss resulting from an activity carried out under the license; and the U.S. Government against a person for damage or loss to government property resulting from an activity carried out under the license. Section 70112 also requires that the Department of Transportation (DOT) set the amounts of financial responsibility required of the licensee. The licensee can then elect to meet this requirement by proving they have financial reserves equal to or exceeding the amount specified, or placing the required amount in escrow, or purchasing liability insurance equal to the amount specified. The most common and preferred method is via the purchase of liability insurance. This document shows financial reliability set by DOT in 1997. These amounts have since been revised.
Format:

PDF
Download URL:

https://rosap.ntl.bts.gov/view/dot/12812/dot_12812_DS1.pdf
File Type:

[PDF - 18.42 KB]
Collection(s):

US Transportation Collection
Main Document Checksum:

urn:sha-512:ff69069271707e249ef0b8a0eb56364977638f379fe1ba6d0631a1e7e2f46680146447600a425896ffd82807b63e8f214a08489a36b35069ca8368fe44d20e8e

File Language:

English

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