§ 319.114

Title XXI PUBLIC SAFETY AND MORALS Chapter 319 • Effective - 28 Aug 2016, 2 histories 319.114. Evidence of financial responsibility required to cover certain damages — rules to be established by department. — 1. The department shall establish rules requiring the owner or operator to maintain evidence of financial responsibility in an amount and form sufficient for taking corrective action and compensating third parties for bodily injury and property damage caused by sudden and nonsudden accidental releases arising from the operation of an underground storage tank. 2. The form of the evidence of financial responsibility required by this section may be by any one, or any combination, of the following methods: cash trust fund, guarantee, insurance, surety or performance bond, letter of credit, qualification as a self-insurer, or any other method satisfactory to the department. In adopting requirements under this section, the department may specify policy or other contractual terms, conditions, or defenses which are necessary or are unacceptable in establishing the evidence of financial responsibility. 3.

his section, the department may specify policy or other contractual terms, conditions, or defenses which are necessary or are unacceptable in establishing the evidence of financial responsibility. 3. The amount of financial responsibility required shall not exceed the amount required for compliance with Section 9003 of Subtitle I of the federal Resource Conservation and Recovery Act of 1976