Ill. Admin. Code tit. 35 § 807.603

Current through Register Vol. 48, No. 44, November 1, 2024

Section 807.603 - Upgrading Financial Assurance

a) The operator must maintain financial assurance equal to or greater than the current cost estimate at all times except as provided in this Section.

b) The operator must increase the total amount of financial assurance so as to equal the current cost estimate within 90 days after any of the following:

1) An increase in the current cost estimate;

2) A decrease in the value of a trust fund;

3) A determination by the Agency that an operator no longer meets the gross revenue or financial test; or,

4) Notification by the operator that the operator intends to substitute alternate financial assurance for self-insurance.

Ill. Admin. Code tit. 35, § 807.603

Amended at 9 Ill. Reg. 18942, effective November 25, 1985