Virginia Administrative Code
Title 9 - ENVIRONMENT
Agency 20 - VIRGINIA WASTE MANAGEMENT BOARD
Chapter 170 - TRANSPORTATION OF SOLID AND MEDICAL WASTES ON STATE WATERS
Part VI - Financial Responsibility Requirements for Vessels Transporting Solid Wastes or Regulated Medical Wastes
Section 9VAC20-170-350 - Cancellation or nonrenewal by a provider of financial responsibility
Universal Citation: 9 VA Admin Code 20-170-350
Current through Register Vol. 41, No. 3, September 23, 2024
A. Except as otherwise provided, a provider of financial responsibility may cancel or fail to renew a financial responsibility mechanism by sending a notice of termination by certified mail to the owner or operator and the department.
1. Termination of a surety bond or a letter
of credit may not occur until 120 days after the date on which the department
and the owner or operator receive the notice of termination, as evidenced by
the return receipts.
2. Termination
of insurance coverage, except for nonpayment or misrepresentation by the
insured may not occur until 60 days after the date on which the department and
the owner or operator receive the notice of termination, as evidenced by the
return receipts. Termination for nonpayment of premium or misrepresentation by
the insured may not occur until a minimum of 30 days after the date on which
the department and the owner or operator receives the notice of termination, as
evidenced by the return receipts.
B. If a provider of financial responsibility cancels or fails to renew, the owner or operator must obtain alternate coverage as specified in this section within 60 days after receipt of the notice of termination.
Statutory Authority
§§ 10.1-1402 and 10.1-1454.1 of the Code of Virginia.
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