Or. Admin. Code § 340-163-0050 - Service Provider Insurance Requirements
(1) Any firm applying for a service provider
license to perform heating oil tank services must first obtain insurance
coverage for errors-and-omissions or professional liability that will be used
to pay for any additional corrective action necessary as a result of improper
or inadequate site assessment, decommissioning or cleanup work. General
liability insurance or pollution liability insurance are not acceptable
substitutes for the insurance requirements.
(2) Insurance must be obtained in the amount
of $500,000 per claim or per occurrence, with a total aggregate of $1,000,000,
from an insurance company authorized to do business in Oregon. Coverage must
remain continuous during the license period and until one (1) year after a firm
has ceased to perform heating oil tank services in Oregon.
(3) Proof of insurance in the form of a
standard insurance policy certificate must be provided to the Department at
time of license application and renewal. The certificate of insurance must
include the following:
(a) The name of the
insurance company, policy number, effective dates of coverage, coverage
amounts, deductible amount, name of all insured entities, agent's name, address
and telephone number; and
(b) A
30-day cancellation clause that provides notice to the Department if the
insurance is cancelled. Notices must be sent to: Department of Environmental
Quality, Underground Storage Tank Program, 811 S.W. Sixth Avenue, Portland,
Oregon, 97204.
Notes
Stat. Auth.: ORS 466.706 - ORS 466.895 & ORS 466.995
Stats. Implemented: ORS 466.706
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