Section 328IAC1-3-4. Amount of coverage

   (a) When documentation of reimbursable costs incurred equal to the appropriate deductible amount has been provided for the fund qualifying occurrence, the fund will pay for reimbursable costs incurred by persons listed in section 1 of this rule and third party liability claims as specified in IC 13-23-8-1 [IC 13-23-8-1 was repealed by P.L.96-2016, SECTION 22, effective July 1, 2016].

  (b) Not more than two million dollars ($2,000,000) may be reimbursed for the costs, including third party liability claims, associated with a single fund qualifying occurrence.

  (c) An owner or operator may not receive payment for more than the allowable limits as specified in IC 13-23-8-8.

  (d) For purposes of this section, "year" means a calendar year even if more than the maximum reimbursement is received in any three hundred sixty-five (365) day period. (Underground Storage Tank Financial Assurance Board; 328 IAC 1-3-4; filed Dec 4, 1992, 11:00 a.m.: 16 IR 1054; readopted filed Jan 10, 2001, 3:21 p.m.: 24 IR 1534; filed Oct 17, 2001, 4:30 p.m.: 25 IR 792; filed Aug 30, 2004, 9:40 a.m.: 28 IR 129; readopted filed Nov 19, 2010, 9:08 a.m.: 20101215-IR-328100553BFA; filed Feb 24, 2011, 2:04 p.m.: 20110323-IR-328080684FRA)