S.C. Code Regs. § § 61-79.263.A.14

Current through Register Vol. 48, 12, December 27, 2024

Section 61-79.263.A.14 - Financial Responsibility for sudden and accidental occurrences

(a) Except as provided in paragraph (b), a transporter of hazardous waste granted a transporter permit under R.61-79.270 shall have and maintain financial responsibility for sudden and accidental occurrences in the amount of at least one million dollars ($1,000,000) per occurrence exclusive of legal defense costs. Coverage must provide for claims arising out of injury to persons, property or the environment including the spillage of hazardous wastes while such wastes are being transported and including the costs of cleaning up the spill. Such liability coverage must be maintained at all times while the permit is in force.

(b) [Reserved]

(c) The financial responsibility required in paragraphs (a) and (b) may be established by any one or a combination of the following:

(1) Evidence of liability insurance, either on a claim made or an occurrence basis, with or without a deductible with the deductible, if any, to be on a per occurrence or per accident basis and not to exceed ten (10) percent of the equity of the permittee;

(2) Self insurance, the level of which shall not exceed ten (10) percent of equity of the permittee; or

(3) Other evidence of financial responsibility approved by the Department.

S.C. Code Regs. § 61-79.263.A.14

Amended by State Register Volume 10, Issue No. 1, eff January 24, 1986; State Register Volume 12, Issue No. 10, eff October 28, 1988; State Register Volume 13, Issue No. 6, eff June 23, 1989; State Register Volume 14, Issue No. 11, eff November 23, 1990; State Register Volume 17, Issue No. 5, Part 2, eff May 28, 1993.