U.S. Code of Federal Regulations

Regulations most recently checked for updates: Jun 23, 2024

§ 223.10 - Limitation of risk.
Link to an amendment published at 89 FR 48834, June 10, 2024.

Except as provided in § 223.11, no company holding a certificate of authority shall underwrite any risk on any bond or policy on behalf of any individual, firm, association, or corporation, whether or not the United States is interested as a party thereto, the amount of which is greater than 10 percent of the paid-up capital and surplus of such company, as determined by the Secretary of the Treasury. That figure is hereinafter referred to as the underwriting limitation.

[34 FR 20188, Dec. 24, 1969]