| Title: | TREASURY'S AMENDMENT TO THE REMOVAL OF FRONTIER INSURANCE |
|---|---|
| Date: | 2000-06-06 |
| To: | abi |
| Links: | previous, next |
CUSTOMS HAS BEEN ADVISED BY TREASURY THAT THEY HAVE AMENDED THE FRONTIER
REGISTER NOTICE REGARDING THE REMOVAL OF FRONTIER INSURANCE COMPANY FROM
THE CIRCULAR 570. IT IS STILL THE CASE THAT NO NEW CONTINUOUS BONDS OR
SINGLE ENTRY BONDS WILL BE APPROVED BY CUSTOMS. HOWEVER, EXISTING
FRONTIER INSURANCE COMPANY CONTINUOUS BONDS WILL BE ALLOWED TO RUN UNTIL
THEIR EXPIRATION DATES EXCEPT IN THOSE INSTANCES WHERE A SIGNIFICANT
AMOUNT OF LIABILITY REMAINS OUTSTANDING. IN COORDINATION WITH PORT
DIRECTORS, WE WILL BE EVALUATING IN THE NEAR FUTURE WHICH CONTINUOUS
BONDS SHOULD BE REPLACED BEFORE THEIR EXPIRATION DATES.