[Federal Register Volume 63, Number 219 (Friday, November 13, 1998)]
[Notices]
[Pages 63521-63522]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-30368]


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DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration


Financial Responsibility Advisory Material

AGENCY: Federal Aviation Administration, Associate

[[Page 63522]]

Administrator for Commercial Space Transportation, DOT.

ACTION: Notice of availability of advisory material.

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SUMMARY: This is a notice of availability of an Advisory Circular (AC), 
which provides guidance as to an acceptable means of compliance with 
certain conditions of insurance coverage required for the conduct of 
licensed launch activities.

FOR FURTHER INFORMATION CONTACT:
Ms. Esta M. Rosenberg, Attorney-Advisor, Regulations Division, Office 
of the Chief Counsel, Federal Aviation Administration, U.S. Department 
of Transportation (202) 366-9320.

SUPPLEMENTARY INFORMATION: This notice announces the availability of 
Advisory Circular Number 440-1, issued November 3, 1998, by the 
Associate Administrator for commercial Space Transportation concerning 
financial responsibility requirements for licensed launch activities. 
The FAA Advisory circular System provides guidance and advisory 
information to the public on aviation and aerospace matters, including 
acceptable methods of demonstrating compliance with Federal Aviation 
Regulations and Commercial Space Transportation Regulations.

    Part 440 of the Commercial Space Transportation, FAA, DOT 
Regulations, 14 CFR Ch. III, prescribes insurance and other financial 
responsibility requirements for the conduct of licenses launch 
activities. One condition of insurance coverage provides that each 
insurance policy obtained by a launch licensee under Part 440 be placed 
with an insurer that is licensed to do business in any State, 
territory, possession of the United States, or the District of 
Columbia. Advisory Circular Number 440-1 states that a licensee 
satisfies the condition if policies of insurance obtained under Part 
440 contain a service of suit clause in which the insurer agrees to 
submit to the jurisdiction of a court of competent jurisdiction within 
the United States and designates an authorized agent with the United 
States for service of legal process.
    A copy of Advisory Circular Number 440-1 may be obtained from the 
Associate Administrator for Commercial Space Transportation (AST), 
Federal Aviation Administration, Room 331, 800 Independence Avenue, 
SW., Washington, DC 20591. Internet users may obtain a copy by 
accessing AST's webpage at http://ast.faa.gov. Issued in Washington, 
DC, on November 3, 1998.
Patricia Grace Smith,
Associate Administrator for Commercial Space Transportation.
[FR Doc. 98-30368 Filed 11-12-98; 8:45 am]
BILLING CODE 4910-13-M