30 CFR § 553.21 - How can I use self-insurance as OSFR evidence?

---
identifier: "/us/cfr/t30/s553.21"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "30 CFR § 553.21 - How can I use self-insurance as OSFR evidence?"
title_number: 30
title_name: "Mineral Resources"
section_number: "553.21"
section_name: "How can I use self-insurance as OSFR evidence?"
chapter_name: "BUREAU OF OCEAN ENERGY MANAGEMENT, DEPARTMENT OF THE INTERIOR"
subchapter_number: "B"
subchapter_name: "OFFSHORE"
part_number: "553"
part_name: "OIL SPILL FINANCIAL RESPONSIBILITY FOR OFFSHORE FACILITIES"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "33 U.S.C. 2704, 2716; 2716a; E.O. 12777, as amended."
regulatory_source: "76 FR 64623, Oct. 18, 2011, unless otherwise noted."
cfr_part: "553"
---


# 553.21 How can I use self-insurance as OSFR evidence?

(a) If you use self-insurance to satisfy all or part of your obligation to demonstrate OSFR, you must annually pass either a net worth test under § 553.25 or an unencumbered net asset test under § 553.28.

(b) To establish the amount of self-insurance allowed, you must submit evidence of your net worth under § 553.23 or evidence of your unencumbered assets under § 553.26.

(c) You must identify a U.S. agent for service of process.