Document: NRC Regulatory Guide
Document ID: b143ccef-ed08-482d-bc4b-b4e012328090
Document Type: regulatory_guide
Title: Applications for Nuclear Power Plants (Rev. 1)
Source: NRC Regulatory Guide Division 1
Source URL: https://www.nrc.gov/docs/ML1523/ML15233A056.pdf
Revision Date: 2023-06
Chapter: 
Section ID: RG-1.206
CFR Part: 
CFR Title: 

Content:
perate the reactor. Proof of financial protection shall be filed with the Commission before issuance of the license. 2) a) As required by 10 CFR Part 140.11(a)(4), each licensee must have and maintain financial protection in an amount equal to the sum of primary financial protection ($450,000,000) and the amount available as secondary financial protection. Since operating reactors on the reactor station site already have primary financial protection in amount of $450,000,000, the policy providing this insurance will simply be amended (by the applicant’s insurer) to include the addition of the new reactor. The $450,000,000 policy will satisfy the 10 CFR 140.13 requirement for $1,000,000 and the 10 CFR Part 140.11(a)(4) requirement for primary financial protection. Proof of primary financial protection shall be filed with the Commission before issuance of the license. Secondary financial protection must be provided in the form of private liability insurance available under an industry retrospective rating plan and is discussed in 10 CFR 140.11(a)(4). DG-1325, Page-119 Additionally, the requirement to obtain onsite financial protection is provided in 10 CFR 50.54(w). Finally, as required by 10 CFR 140.21, applicants must use one of the guarantees in the regulation to demonstrate that they maintain the financial capacity to pay into the industry retrospective rating plan required for secondary financial protection. These requirements are only required for reactors once the 10 CFR 52.103(g) finding is made. An applicant may propose license conditions to satisfy the requirements for primary and secondary financial protection, onsite financial protection, and payment of deferred premiums before the issuance of the COL license. An applicant may propose license conditions to satisfy the requirements for secondary financial protection, onsite financial protection, and payment of deferred premiums before the issuance of the COL license. A commonly used license condition to