20 CFR §703.112
Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A policy or contract of insurance shall be issued for the term of not less than 1 year from the date that it becomes effective, but if such insurance be not needed except for a particular contract or operation, the term of the policy may be limited to the period of such contract or operation.