OAR 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 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.