Oregon Administrative Rules
Chapter 340 - DEPARTMENT OF ENVIRONMENTAL QUALITY
Division 174 - UNDERGROUND STORAGE TANK INSURANCE COPAYMENT PROGRAM
Section 340-174-0070 - Insurance Copayment
Universal Citation: OR Admin Rules 340-174-0070
Current through Register Vol. 63, No. 3, March 1, 2024
(1) In accordance with the insurance copayment certificate and these rules, the Department will pay a portion of the insurance cost to the UST insurer where:
(a) Insurance copayment confirmation and
insurance required letters have been issued to the applicant;
(b) All USTs at a facility meet the
requirements of OAR Chapter 340, Divisions 122 and 150 or the applicant is in
compliance with a compliance schedule to complete a groundwater corrective
action plan;
(c) The Department
received a copy of the insurance invoice;
(d) The billing period is for insurance
coverage during the policy year; and
(e) Insurance coverage is certified by the
insurer. The certification shall include:
(A)
The insured's name, business name and address;
(B) The UST facilities covered by the
insurance, complete with name and address of each facility;
(C) Policy year;
(D) Limits of coverage;
(E)Total premium and premium for each
facility; and
(F) Cancellation and
reinstatement terms.
(2) The Department will copay the insurer within 30 days after receiving a completed invoice for the initial premium, the annual premium or an additional premium. Incomplete invoices will be returned to the insurer for completion.
Stat. Auth.:ORS 466.706-466.895 &466.995
Stats. Implemented: OL 1991, Ch. 863, Sec. 38 - 43a
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