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Financial Responsibility Requirements for Licensed Launch Activities; Final Rule (Site not responding. Last check: 2007-10-25) |
 | | Finally, the CSLA provides a mechanism whereby the Government accepts the risk of third-party claims that exceed the limits of the liability insurance established by the agency, subject to approval of a compensation plan prepared by the agency and congressional appropriation of funds. |
 | | In this final rule, the FAA concludes that although all employees of the various entities involved in licensed launch activities meet the statutory definition of the term ``third party,'' the statutorily- mandated liability policy is not intended to respond to PPLP employee claims. |
 | | In the final rule, the definition of ``third party'' is revised to remove the express exclusion of employees of private party launch participants. |
| ast.faa.gov /lrra/regulations/14cfr-440.html (17163 words) |