Or. Admin. R. 340-174-0070 - Insurance Copayment

(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.

Notes

Or. Admin. R. 340-174-0070

DEQ 29-1991(Temp), f. 12-18-91, cert. ef. 12-20-91; DEQ 14-1992, f. & cert. ef. 6-11-92

Stat. Auth.:ORS 466.706-466.895 &466.995

Stats. Implemented: OL 1991, Ch. 863, Sec. 38 - 43a