Revised On: Nov. 30, 2023 - 6:00 p.m.
An underground storage tank (UST) owner/operator who wishes to participate in the UST Preapproval Program must complete the following to demonstrate compliance with eligibility criteria.1
Criteria for Owner/Operators Using Insurance as an Financial Responsibility (FR) Mechanism
- Current FR (proof of insurance) with ADEQ — meaning no gaps in submission of FR to ADEQ;
- UST insurance was relied on as a financial assurance mechanism at confirmed release date;
- A timely claim was filed with the insurer;
- A claim was or is being pursued until coverage determination (denial)
Important
✓ If a coverage determination for an insurance claim is pending, please provide ADEQ with a coverage determination letter as soon as it is received. This will help further the reimbursement process.
✓ Please ensure that the insurance claim carrier who is assisting with your claim attends the Preapproval Kickoff meetings in case any questions regarding coverage are raised.
Documents Required for Owner/Operators Using Insurance as an FR Mechanism
UST insurance policy with deductible
- Document typically more than 30 pages and includes Declarations Page, Insuring Agreement, Definitions, Exclusions and Conditions | View/Download Example >
Notice of claim acceptable documents (one of the following options)
Continued pursuit of correspondence (one of the following options)
Criteria for Owner/Operators not Using Insurance as an FR Mechanism
Financial Assurance Mechanism Documentation: includes guarantees, surety bonds, letters of credit, financial tests of self-insurance, trust funds, stand-by trusts, certificates of deposit, local government bond ratings, local government financial tests, and local government guarantees.
More information about FR mechanism requirements | Visit Federal Regulations Website >
1A.R.S. § 49-1051 | View >
