OAR 340-174-0030
General Provisions, Insurance Copayment

(1)

A person qualifying under OAR 340, division 172 and these rules may receive assistance in buying insurance that meets the UST financial responsibility requirements at UST facilities holding an accumulation of motor fuel for resale.

(2)

An insurer must have filed information with the Oregon Department of Insurance and Finance in accordance with ORS 466.706 (Definitions for ORS 466.706 to 466.882 and 466.994) through 466.835 (Compliance and correction costs as lien) as amended by Chapter 863, Oregon Laws, 1991 (Senate Bill 1215).

(3)

Only one insurance copayment certificate may be issued to each facility location. The insurance copayment shall cover all USTs at a facility location.

(4)

An applicant may qualify for insurance copayment benefits at more than one UST facility location.

(5)

Copayment for insurance will be made by a warrant (check) issued to both the applicant and the insurer for each policy year of eligibility.

(6)

Copayment of insurance shall not be accepted by the insurer until the applicant pays the remaining portion of the insurance premium so that in combination with the copayment it provides 100 percent binding of UST financial responsibility insurance coverage.

Source: Rule 340-174-0030 — General Provisions, Insurance Copayment, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=340-174-0030.

Last Updated

Jun. 8, 2021

Rule 340-174-0030’s source at or​.us