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STORAGE TANK LIABILITY APPLICATION INSTRUCTIONS: Please print or type clearly. All questions must be answered. Please contact your agent if assistance is required. If any questions do not apply, print
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How to fill out storage tank financial responsibility

How to fill out storage tank financial responsibility
01
Determine the financial responsibility requirements for storage tanks in your jurisdiction.
02
Choose the appropriate financial responsibility mechanism such as insurance, surety bonds, or self-insurance.
03
Submit the necessary documentation to demonstrate compliance with the financial responsibility requirements.
04
Keep records and documentation of the financial responsibility in a safe and easily accessible place.
05
Monitor and review the financial responsibility coverage regularly to ensure continued compliance.
Who needs storage tank financial responsibility?
01
Owners and operators of storage tanks that store hazardous substances or petroleum products.
02
Companies or individuals who are required by law to have financial responsibility for potential environmental cleanup costs or third-party damages caused by leaks or spills from their storage tanks.
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What is storage tank financial responsibility?
Storage tank financial responsibility refers to the requirement for tank owners or operators to demonstrate that they have the financial means to cover the cost of cleaning up any leaks or spills from their tanks.
Who is required to file storage tank financial responsibility?
Owners or operators of storage tanks that meet certain criteria, such as size or type of substances stored, are required to file storage tank financial responsibility.
How to fill out storage tank financial responsibility?
Storage tank financial responsibility can be filled out by providing documentation of financial assets, insurance coverage, or participation in a state-run financial responsibility program.
What is the purpose of storage tank financial responsibility?
The purpose of storage tank financial responsibility is to ensure that tank owners or operators are financially prepared to address any environmental damage that may result from leaks or spills.
What information must be reported on storage tank financial responsibility?
Information that must be reported on storage tank financial responsibility typically includes details about the tank owner or operator, the tank location, the types of substances stored, and the financial resources available to cover cleanup costs.
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