Substitution of financial assurance mechanisms by owner or operator

1. An owner or operator may substitute any alternate financial assurance mechanisms as specified in sections 33.1-24-08-80 through 33.1-24-08-106, provided that at all times the owner or operator maintains an effective financial assurance mechanism or combination of mechanisms that satisfies the requirements of section 33.1-24-08-83. 2. After obtaining alternate financial assurance as specified in sections 33.1-24-08-80 through 33.1-24-08-106, an owner or operator may cancel a financial assurance mechanism by providing notice to the provider of financial assurance.