---
kind: "section"
citation: "48 C.F.R. § 928.370"
title: "48"
number: "928.370"
heading: "Service-type insurance policies."
url: "https://uscodex.org/cfr/48/928.370"
---

# §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.**

## Notes

### Amendments

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

### Authority

Authority: 42 U.S.C. 7101 et seq. and 50 U.S.C. 2401 et seq.

### Source

Source: 49 FR 12010, Mar. 28, 1984, unless otherwise noted.

### Amendments

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