(1) Financial assurance may be established by any of the following methods or a combination of these methods acceptable to the Environmental Quality Commission:
(a) Evidence of insurance;
(b) Surety bond;
(c) Qualifications as a self-insurer; or
(d) Any other evidence of financial assurance approved by the commission.
(2) Any bond filed shall be issued by a bonding company authorized to do business in the United States.
(3) Documentation of the financial assurance shall be kept on the ship or filed with the Department of Environmental Quality. The owner or operator of any other ship shall maintain on the ship a certificate issued by the United States Coast Guard evidencing compliance with the requirements of section 311 of the Federal Water Pollution Control Act, P.L. 92-500, as amended. [Formerly 468.827]Section: Previous 468B.415 468B.420 468B.425 468B.450 468B.455 468B.460 468B.475 468B.480 468B.485 468B.490 468B.495 468B.500 468B.550 468B.555 468B.990 Next
Last modified: August 7, 2008