20 CFR § 726.107 - How negotiable securities are handled.
---identifier: "/us/cfr/t20/s726.107"source: "ecfr"legal_status: "authoritative_unofficial"title: "20 CFR § 726.107 - How negotiable securities are handled."title_number: 20title_name: "Employees' Benefits"section_number: "726.107"section_name: "How negotiable securities are handled."chapter_name: "OFFICE OF WORKERS' COMPENSATION PROGRAMS, DEPARTMENT OF LABOR"subchapter_number: "B"subchapter_name: "FEDERAL COAL MINE HEALTH AND SAFETY ACT OF 1969, AS AMENDED"part_number: "726"part_name: "BLACK LUNG BENEFITS; REQUIREMENTS FOR COAL MINE OPERATOR'S INSURANCE"positive_law: falsecurrency: "2026-03-24"last_updated: "2026-03-24"format_version: "1.1.0"generator: "[email protected]"authority: "5 U.S.C. 301; 30 U.S.C. 901 902(f), 925, 932, 933, 934, 936; 33 U.S.C. 901 28 U.S.C. 2461 note (Federal Civil Penalties Inflation Adjustment Act of 1990 (as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015)); Pub. L. 114-74 at sec. 701; Reorganization Plan No. 6 of 1950, 15 FR 3174; Secretary's Order 10-2009, 74 FR 58834."regulatory_source: "65 FR 80097, Dec. 20, 2000, unless otherwise noted."cfr_part: "726"---
Identifier
/us/cfr/t20/s726.107
Currency
2026-03-24
Positive Law
No
Updated
2026-03-24
Chapter
Office of Workers' Compensation Programs, Department of Labor
Authority
5 U.S.C. 301; 30 U.S.C. 901 902(f), 925, 932, 933, 934, 936; 33 U.S.C. 901 28 U.S.C. 2461 note (Federal Civil Penalties Inflation Adjustment Act of 1990 (as amended by the Federal Civil Penalties In... 5 U.S.C. 301; 30 U.S.C. 901 902(f), 925, 932, 933, 934, 936; 33 U.S.C. 901 28 U.S.C. 2461 note (Federal Civil Penalties Inflation Adjustment Act of 1990 (as amended by the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015)); Pub. L. 114-74 at sec. 701; Reorganization Plan No. 6 of 1950, 15 FR 3174; Secretary's Order 10-2009, 74 FR 58834.
# 726.107 How negotiable securities are handled.(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.