30 Tex. Admin. Code § 37.9075 - Financial Assurance Mechanisms
Owners or operators subject to this subchapter may use the following financial assurance mechanisms:
(1) a certificate of insurance to demonstrate
automobile liability coverage; and
(2) an MCS 90 form or letter of credit to
demonstrate pollution liability coverage. The letter of credit is subject to
the requirements specified in §
37.231 of this title (relating to
Irrevocable Standby Letter of Credit), except:
(A) whenever the terms "closure," "post
closure," "corrective action," or "current cost estimate" are cited, replace
with "pollution liability"; and
(B)
in §
37.231(h) of
this title, the following statement will be added: "Failure to obtain alternate
insurance coverage and submit evidence of such coverage to the executive
director before the effective date of the cancellation will result in
revocation of the registration."
Notes
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