### Question
How is the "face amount" defined?


### Answer
The term **face amount** is defined in *40 CFR § 136.3* as follows -

> the total amount the insurer is obligated to pay under the policy

#### Citation:
  - *40 CFR § 136.3*
  - Heading: **PART 136—GUIDELINES ESTABLISHING TEST PROCEDURES FOR THE ANALYSIS OF POLLUTANTS > CHAPTER I—ENVIRONMENTAL PROTECTION**

