135.210—Indemnity as evidence.
(1)
Agree to be sued directly, within the limits of the contract coverage, by any person for claims under the Act against the owner or operator to the extent of the indemnity coverage; and
(b)
Indemnity filed as evidence of financial responsibility must be accompanied by the same proof of the indemnitor's financial responsibility as this subpart would require of the owner or operator; i.e., insurance, surety bond, self-insurance; or other acceptable methods.
(c)
An indemnity as evidence of financial responsibility must indicate the effective date in the endorsement on the application for Certificate of Financial Responsibility, and must remain in force until the date of termination indicated in the endorsement or until—
(1)
30 days after mailing, by certified mail, to the Fund Administrator, and the person indemnified, notification of intent to cancel; or
(2)
Other evidence of financial responsibility acceptable to the Fund Administrator has been established; or
(d)
Termination of an indemnity shall not affect the liability of the indemnitor for an incident occurring before the effective date of termination.