---identifier: "/us/cfr/t20/s726.108"source: "ecfr"legal_status: "authoritative_unofficial"title: "20 CFR § 726.108 - Withdrawal of securities."title_number: 20title_name: "Employees' Benefits"section_number: "726.108"section_name: "Withdrawal of securities."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/s726.108
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.
# 726.108 Withdrawal of securities.(a) Withdrawal of any form of security (indemnity bonds, negotiable securities, and/or letters of credit) is prohibited except upon express written authorization by OWCP.(b) If a self-insurer wishes to withdraw securities, it must submit a written request, and must submit either an updated actuarial report using OWCP-mandated actuarial assumptions to support why the existing security levels are no longer applicable or replacement securities in the amount and form approved by OWCP. If OWCP approves the operator's request to withdraw and replace its securities, the operator must provide the replacement securities before it withdraws its existing securities.