Section 329IAC9-8-20. Reporting by owner or operator

   (a) An owner or operator shall submit the appropriate forms listed in section 21(b) of this rule documenting current evidence of financial responsibility to the commissioner when any of the following occur:

(1) Within thirty (30) days after the owner or operator identifies a release from an underground storage tank required to be reported under 329 IAC 9-4-4 or 329 IAC 9-5-2.

(2) If the owner or operator fails to obtain alternate coverage as required by this rule, within thirty (30) days after the owner or operator receives notice of any of the following:

(A) Commencement of a voluntary or involuntary proceeding under the bankruptcy laws of the United States (11 U.S.C. 101 et seq.) naming a provider of financial assurance as a debtor.

(B) Suspension or revocation of the authority of a provider of financial assurance to issue a financial assurance mechanism.

(C) Failure of a guarantor to meet the requirements of the financial test.

(D) Other incapacity of a provider of financial assurance.

(3) As required by sections 6(g) and 19(b) of this rule.

  (b) An owner or operator shall certify compliance with the financial responsibility requirements of this article as specified in the new tank notification form when notifying the Indiana department of environmental management, underground storage tank branch of the installation of a new underground storage tank under 329 IAC 9-2-2.

  (c) The commissioner may require an owner or operator to submit:

(1) evidence of financial assurance as described in section 21(b) of this rule; or

(2) other information relevant to compliance with this rule;

at any time. (Solid Waste Management Division; 329 IAC 9-8-20; filed Jul 19, 1999, 12:00 p.m.: 22 IR 3757; readopted filed Jan 10, 2001, 3:25 p.m.: 24 IR 1535)