(a) Self-insurance authorizations will remain in effect for so long
as the self-insurer complies with the requirements of the Act, the
regulations in this part, and OWCP.
(b) A self-insurer who has secured its liability by depositing an
indemnity bond with the Office will, on or about
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May 10 of each year, receive from the Office a form for executing a bond
that will continue its self-insurance authorization. The submission of
such bond, duly executed in the amount indicated by the Office, will be
deemed a condition of the continuing authorization.
