---
kind: "section"
citation: "46 C.F.R. § 540.7"
title: "46"
number: "540.7"
heading: "Evidence of financial responsibility."
url: "https://uscodex.org/cfr/46/540.7"
---

# §540.7. Evidence of financial responsibility.


Where satisfactory proof of financial responsibility has been established:

- (a) A Certificate (Performance) covering specified vessels shall be issued evidencing the Commission's finding of adequate financial responsibility to indemnify passengers for nonperformance of water transportation.
- (b) The period covered by the Certificate (Performance) shall be five (5) years, unless another termination date has been specified thereon.

## Notes

### Amendments

[78 FR 13278, Feb. 27, 2013]

### Authority

Authority: 5 U.S.C. 552, 553; 31 U.S.C. 9701; 46 U.S.C., 44101-44106, 46105.

### Source

Source: 49 FR 36313, Sept. 14, 1984, unless otherwise noted.

### Amendments

[78 FR 13278, Feb. 27, 2013]