Substitution of Financial Assurance Mechanisms by Owner or Operator

PURPOSE: This rule describes the requirements for the substitution of financial assurance mechanisms for demonstration of financial responsibility. (1) An owner or operator may substitute any alternate financial assurance mechanisms as specified in 10 CSR 26-3.090–10 CSR 263.115, provided that at all times s/he maintains an effective financial assurance mechanism or combination of mechanisms that satisfies the requirements of 10 CSR 26-3.093. (2) After obtaining alternate financial assurance as specified in 10 CSR 26-3.090–10 CSR 26-3.115, an owner or operator may cancel a financial assurance mechanism by providing notice to the provider of financial assurance. AUTHORITY: section 319.114, RSMo 2000.* This rule originally filed as 10 CSR 2011.104. Original rule filed Feb. 7, 1991, effective Aug. 30, 1991. Amended: Filed Aug. 3, 1993, effective April 9, 1994. Moved and amended: Filed April 15, 2011, effective Dec. 30, 2011. *Original authority: 319.114, RSMo 1989.