What documentation must owners and operators provide if they use insurance for financial responsibility?

Owners and operators using insurance to demonstrate financial responsibility are required to provide a signed and witnessed certificate of financial responsibility. This document serves as formal proof that the owner or operator carries the necessary insurance coverage to address potential liabilities associated with the operation of underground storage tanks. It outlines the specific terms of the insurance policy, including coverage limits and conditions, ensuring compliance with regulatory requirements.

The certificate is essential because it not only affirms the existence of the insurance but also confirms that the policy meets the standards set forth by regulatory authorities for financial assurance. This helps protect the environment and public health by ensuring that funds are available for any necessary cleanup or compensation should a release occur.

While proof of tank installation, a declaration of tank compatibility, or a receipt for insurance premiums may be relevant documents in the context of managing USTs, they do not fulfill the specific requirement of demonstrating financial responsibility through insurance. Hence, the signed and witnessed certificate of financial responsibility is the correct documentation needed in this scenario.