### Question
How is the term insurance defined?


### Answer
The term **insurance** is defined in *42 U.S.C. § 9619* as the following:

> liability insurance which is fair and reasonably priced, as determined by the President, and which is made available at the time the contractor enters into the response action contract to provide response action

#### Citation:
  - *42 U.S.C. § 9619*
  - Heading: **CHAPTER 103-COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY > SUBCHAPTER I-HAZARDOUS SUBSTANCES RELEASES, LIABILITY, COMPENSATION**

