7 CFR § 1788.47 - Policy requirements.
---
identifier: "/us/cfr/t7/s1788.47"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 1788.47 - Policy requirements."
title_number: 7
title_name: "Agriculture"
section_number: "1788.47"
section_name: "Policy requirements."
chapter_name: "RURAL UTILITIES SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "1788"
part_name: "RUS FIDELITY AND INSURANCE REQUIREMENTS FOR ELECTRIC AND TELECOMMUNICATIONS BORROWERS"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 901 7 U.S.C. 1921 7 U.S.C. 6941"
regulatory_source: "64 FR 2, Jan. 4, 1999, unless otherwise noted."
cfr_part: "1788"
---
# 1788.47 Policy requirements.
(a) Contractors, engineers, and architects performing work for borrowers under construction, engineering, and architectural service contracts shall obtain insurance coverage, as required in § 1788.48, and maintain it in effect until work under the contracts is completed.
(b) Contractors entering into construction contracts with borrowers shall furnish a contractors' bond, except as provided for in § 1788.49, covering all of the contractors' undertaking under the contract.
(c) Borrowers shall make sure that their contractors, engineers, and architects comply with the insurance and bond requirements of their contracts.