ICANN’s board approved a resolution this week to postpone an insurance requirement for domain name registrars.
The registrar accreditation agreement needs registrars to carry basic obligation insurance 000, of at least $500, but ICANN will not require this.
ICANN has chose to renounce the requirement for a couple factors.
First, for requesting the insurance the reason was to safeguard registrants. But many standard obligation plans offer no rights for domain name registrants.