Indiana Administrative Code
Title 329 - SOLID WASTE MANAGEMENT DIVISION
Article 15 - WASTE TIRE MANAGEMENT
Rule 5 - Financial Assurance
Section 5-8 - Insurance

Universal Citation: 329 IN Admin Code 5-8

Current through September 18, 2024

Authority: IC 13-19-3-1; IC 13-20-13-11

Affected: IC 13-30-2; IC 36-9-30

Sec. 8.

(a) The owner or operator of a waste tire storage site may comply with this rule by providing evidence of insurance on:

(1) forms provided by the department; or

(2) other forms approved by the department.

(b) All insurance must include the following requirements:

(1) The establishment of credit in the amount determined by section 3 of this rule.

(2) Provision that the insurer shall make payments in any amount to any person authorized by the department, if the department notifies the insurer in writing that the owner or operator of the waste tire storage site has failed to perform final closure.

(3) Provision that the owner or operator of the waste tire storage site shall maintain the policy in full force and effect unless the department consents in writing to termination of the policy.

(4) Provision that the insurer may not cancel, terminate, or fail to renew the policy unless the owner or operator of the waste tire storage site fails to pay the premium. No cancellation, termination, or failure to renew may occur unless the department and the owner or operator of the waste tire storage site are notified by the insurer through certified mail at least one hundred twenty (120) days before the event.

(c) In one (1) or more states, the insurer shall either be:

(1) licensed to transact the business of insurance; or

(2) eligible to provide insurance as an excess or surplus lines insurer.

Disclaimer: These regulations may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.