Effective - 28 Aug 2016, 2 histories
319.114. Evidence of financial responsibility required to cover certain damages — rules to be established by department. — 1. The department shall establish rules requiring the owner or operator to maintain evidence of financial responsibility in an amount and form sufficient for taking corrective action and compensating third parties for bodily injury and property damage caused by sudden and nonsudden accidental releases arising from the operation of an underground storage tank.
2. The form of the evidence of financial responsibility required by this section may be by any one, or any combination, of the following methods: cash trust fund, guarantee, insurance, surety or performance bond, letter of credit, qualification as a self-insurer, or any other method satisfactory to the department. In adopting requirements under this section, the department may specify policy or other contractual terms, conditions, or defenses which are necessary or are unacceptable in establishing the evidence of financial responsibility.
3. The amount of financial responsibility required shall not exceed the amount required for compliance with Section 9003 of Subtitle I of the federal Resource Conservation and Recovery Act of 1976 (P.L. 94-580), as amended.
4. The total liability of a guarantor shall be limited to the aggregate amount which the guarantor has provided as evidence of financial responsibility to the owner or operator under this section. Nothing in this subsection shall be construed to limit any other state or federal statutory, contractual, or common law liability of a guarantor to its owner or operator, including, but not limited to, the liability of such guarantor for bad faith either in negotiating or in failing to negotiate the settlement of any claim. Nothing in this subsection shall be construed to diminish the liability of any person under Section 107 or 111 of the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (P.L. 96-510), as amended, or other applicable law.
5. Except in cases of fraud or misrepresentation on the application for coverage, no owner or operator shall be denied benefits by the petroleum storage tank insurance fund or other provider of financial responsibility required by this section solely because the owner or operator's claim arises from a release of a regulated petroleum substance deemed incompatible with the underground storage tank system.
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(L. 1989 H.B. 77, et al. § 7, A.L. 2016 S.B. 657)
Structure Missouri Revised Statutes
Title XXI - Public Safety and Morals
Chapter 319 - General Safety Requirements
Section 319.010 - Short title.
Section 319.015 - Definitions.
Section 319.024 - Public notice of excavations, duties of owner and operator.
Section 319.027 - Design requests, how made — marking location required.
Section 319.031 - Sewer system owner duties upon notification of intent to excavate.
Section 319.033 - Public right-of-way, installation within, requirements.
Section 319.037 - Excavation sites included in requirements — equipment prohibited at such sites.
Section 319.042 - No abrogation of contractual obligations with railroads.
Section 319.046 - Arbitration of disputes, when.
Section 319.050 - Exemptions from requirement to obtain information.
Section 319.075 - Citation of law.
Section 319.078 - Definitions.
Section 319.080 - Activities within ten feet of power lines prohibited, exceptions.
Section 319.083 - Special devices and precautions required — costs.
Section 319.085 - Presumption of negligence, when, rebuttable.
Section 319.088 - Exemptions from law.
Section 319.090 - Violations, penalty.
Section 319.100 - Definitions.
Section 319.109 - Releases and corrective actions to be reported, standards — rules authorized.
Section 319.111 - Closure of tanks, requirements — notice — department to establish.
Section 319.125 - Certificate denied or invalidated by department, procedure, grounds.
Section 319.127 - Violations, procedure — penalty, disposition.
Section 319.135 - No liability for release of petroleum at direction of coordinator, exception.
Section 319.203 - Ordinance to apply to certain buildings, structures and state leases.
Section 319.205 - Notice to cities and counties required to adopt ordinance, contents.
Section 319.300 - Citation of law — purpose statement.
Section 319.303 - Definitions.
Section 319.321 - Inapplicability of law, when.
Section 319.324 - State blasting safety board created, members, terms, officers, meetings, duties.
Section 319.327 - Duties of the division — enforcement.
Section 319.330 - Missouri explosives safety act administration fund created, use of moneys.
Section 319.333 - Notice of violation, procedure.
Section 319.336 - Grievance procedure.
Section 319.339 - Notification of division prior to use of explosives required — exception.
Section 319.343 - Inapplicability of prohibition on local preemption, when.