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.
Source:
Rule 340-174-0070 — Insurance Copayment, https://secure.sos.state.or.us/oard/view.action?ruleNumber=340-174-0070.