48 CFR § 928.370 - 928.370 Service-type insurance policies.

---
identifier: "/us/cfr/t48/s928.370"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "48 CFR § 928.370 - 928.370   Service-type insurance policies."
title_number: 48
title_name: "Federal Acquisition Regulations System"
section_number: "928.370"
section_name: "928.370   Service-type insurance policies."
chapter_number: 9
chapter_name: "DEPARTMENT OF ENERGY"
subchapter_number: "E"
subchapter_name: "GENERAL CONTRACTING REQUIREMENTS"
part_number: "928"
part_name: "BONDS AND INSURANCE"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "42 U.S.C. 7101  and 50 U.S.C. 2401"
regulatory_source: "49 FR 12010, Mar. 28, 1984, unless otherwise noted."
cfr_part: "928"
---


# 928.370 928.370   Service-type insurance policies.

(a) Service-type insurance policies are cost-reimbursement type contracts or subcontracts in which the insurer provides claim and loss adjustment services on a cost reimbursement basis, which satisfies state and Federal insurance requirements.

(b) Service-type insurance policies may be used with contracting officer approval, when one or more of the following conditions are present—

(1) Pure risk commercial insurance is not available or, if available, cost is not considered reasonable;

(2) Inherent risks in the contract are new and a part of the process of commercialization;

(3) The service-type insurance is needed to implement jointly funded projects; or

(4) The service-type insurance arrangement is considered in the Government's best interest.

[61 FR 41708, Aug. 9, 1996, as amended at 74 FR 36366, July 22, 2009]