---
kind: "section"
citation: "20 C.F.R. § 703.210"
title: "20"
number: "703.210"
heading: "Increase or reduction in security deposit amount."
url: "https://uscodex.org/cfr/20/703.210"
---

# §703.210. Increase or reduction in security deposit amount.

- (a) Whenever the Office considers the security deposited by an insurance carrier insufficient to fully secure the carrier's LHWCA obligations, the carrier must, upon demand by the Branch, deposit additional security in accordance with the regulations in this part in an amount fixed by the Branch. The Branch will issue its decision requiring additional security in accordance with [§ 703.204](/cfr/20/703.204.md), and the procedures set forth at §§ [703.204(d)](/cfr/20/703.204.md?p=d) and [703.205](/cfr/20/703.205.md) for requesting a hearing and complying with the Office's decision will apply as appropriate.
- (b) The Branch may reduce the required security at any time on its own initiative, or upon application of a carrier, when in the Branch's opinion the facts warrant a reduction. A carrier seeking a reduction must furnish any information the Office requests regarding its outstanding LHWCA obligations for any State in which it does business, its obligations not secured by a State guaranty fund in each of these States, and any other evidence as the Branch considers necessary.

## Notes

### Source

Source: 70 FR 43234, July 26, 2005, unless otherwise noted.

### Authority

Authority: 5 U.S.C. 301, and 8171 et seq.; 33 U.S.C. 901 et seq.; 42 U.S.C. 1651 et seq.; 43 U.S.C. 1333; Reorganization Plan No. 6 of 1950, 15 FR 3174, 64 Stat. 1263; Secretary's Order 10-2009, 74 FR 58834.

### Source

Source: 38 FR 26873, Sept. 26, 1973, unless otherwise noted.