RCRA REVISION CHECKLIST 27

Liability Coverage - Corporate Guarantee
51 FR 25350-25356
July 11, 1986
(Non-HSWA Cluster III)
	STATE ANALOG IS:
		     ANALOGOUS	  EQUIV-	   MORE	BROADER
   FEDERAL REQUIREMENT     | 	FEDERAL RCRA CITATION    |	   STATE CITATION	| ALENT  |	STRINGENT |	IN SCOPE	

PART 264 - STANDARDS FOR OWNERS AND OPERATORS OF HAZARDOUS WASTE
TREATMENT, STORAGE, AND DISPOSAL FACILITIES

SUBPART H - FINANCIAL REQUIREMENTS

   †	LIABILITY REQUIREMENTS	 
coverage for sudden	
accidental occurrences	264.147 (a)(2)	
use of multiple 
financial mechanisms	264.147(a)(3)	
coverage for non-
sudden accidental
occurrences	264.147(b)(2)	
use of multiple
financial mechanisms	264.147(b)(3)	
corporate guarantee
for liability coverage	264.147(g)	
guarantor is parent
corporation	264.147(g)(1)	

payment by guarantor	264.147(g)(1)(i)	
cancellation/use of
alternate coverage	264.147(g)(1)(ii)	
corporate guarantee
valid and enforceable
under State law	264.147(g)(2)	

    †	WORDING OF THE INSTRUMENTS	 
letter from chief
financial officer	264.151(g)	
corporate guarantee
for liability coverage	264.151(h)(2)	

PART 265 - INTERIM STANDARDS FOR OWNERS AND OPERATORS OF HAZARDOUS
WASTE TREATMENT, STORAGE, AND DISPOSAL FACILITIES

SUBPART H - FINANCIAL REQUIREMENTS

    †	LIABILITY REQUIREMENTS	 
coverage of sudden
accidental occurrences	265.147(a)(2)	
use of multiple
financial mechanisms	265.147(a)(3)	
coverage for non-
sudden accidental
occurrence	265.147(b)(2)	
use of multiple
financial mechanisms	265.147(b)(3)	
corporate guarantee
for liability coverage	265.147(g)	
guarantor is parent
corporation	265.147(g)(1)	

payment by guarantor	265.147(g)(1)(i)	
cancellation/use of
alternate coverage	265.147(g)(1)(ii)	
corporate guarantee
valid and enforceable
under State law	265.147(g)(2)