North Carolina Administrative Code
Title 15A - Environmental Quality
Chapter 02 - ENVIRONMENTAL MANAGEMENT
Subchapter O - FINANCIAL RESPONSIBILITY REQUIREMENTS FOR OWNERS AND OPERATORS OF UNDERGROUND STORAGE TANKS
Section .0300 - ASSURANCE MECHANISMS
Section 02O .0308 - INSURANCE POOLS

Universal Citation: 15A NC Admin Code 02O .0308

Current through Register Vol. 39, No. 6, September 16, 2024

(a) Insurance pools established by owners and operators may be used alone or in combination to demonstrate financial assurance in accordance with Rule .0204 of this Subchapter.

(b) To be an eligible mechanism for demonstrating financial assurance, insurance pools shall comply with the requirements of G.S. 143-215.94I.

(c) Each owner and operator providing financial assurance through an insurance pool shall maintain a certificate of insurance issued by the insurance pool that lists the following information:

(1) the name and address of the member;

(2) the location of the facilities owned by that member where underground storage tanks are being insured by the pool;

(3) the number of insured underground storage tanks at each facility;

(4) the capacity of each insured underground storage tank;

(5) the amount of insurance provided for each underground storage tank; and

(6) the name, address, and signature of the Administrator of the insurance pool.

Authority G.S. 143-215.94H; 143-215.94I;
Eff. July 1, 1992;
Readopted Eff. January 1, 2021.

Disclaimer: These regulations may not be the most recent version. North Carolina 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.