Ill. Admin. Code tit. 35, § 807.603 - Upgrading Financial Assurance
Current through Vol. 46, No. 16, April 15, 2022
a) The operator must maintain financial
assurance equal to or greater than the current cost estimate at all times
except as provided in this Section.
b) The operator must increase the total
amount of financial assurance so as to equal the current cost estimate within
90 days after any of the following:
1) An
increase in the current cost estimate;
2) A decrease in the value of a trust
fund;
3) A determination by the
Agency that an operator no longer meets the gross revenue or financial test;
or,
4) Notification by the operator
that the operator intends to substitute alternate financial assurance for
self-insurance.
Notes
Amended at 9 Ill. Reg. 18942, effective November 25, 1985
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