---
kind: "section"
citation: "12 C.F.R. § 713.7"
title: "12"
number: "713.7"
heading: "May the NCUA Board require a federally insured credit union to secure additional insurance coverage?"
url: "https://uscodex.org/cfr/12/713.7"
---

# §713.7. May the NCUA Board require a federally insured credit union to secure additional insurance coverage?


The NCUA Board may require additional coverage when the NCUA Board determines that a federally insured credit union's current coverage is inadequate. The federally insured credit union must purchase this additional coverage within 30 days.


## Notes

### Amendments

[84 FR 35525, July 24, 2019]

### Authority

Authority: 12 U.S.C. 1761a, 1761b, 1766(a), 1766(h), 1789(a)(11).

### Source

Source: 64 FR 28720, May 27, 1999, unless otherwise noted.

### Amendments

[84 FR 35525, July 24, 2019]