Financial Responsibility for Liability Coverage

Agency: Environmental Quality

Financial Responsibility for Liability Coverage. Owners and operators of hazardous waste management facilities must demonstrate third-party pollution legal liability coverage. The financial mechanisms that may be used are specified in R299.9710. The wording for the financial mechanisms is specified by the OWMRP:

If insurance is used to demonstrate third-party pollution legal liability coverage, then the policy must be amended by an endorsement on a form specified by the OWMRP. Separate endorsements are required for sudden and accidental occurrences and nonsudden accidental occurrences, and special versions of the endorsements are available for policies that have been pre-accepted by the OWMRP. (Pre-acceptance involves the review of the policy form and all endorsements used for Michigan risks.) In addition, the owner or operator must sign a waiver of the right to immediate cancellation of the policy. The endorsements and waiver form are listed below.

Related Documents
Non-sudden Accidental Occurrence Endorsement EQP 5103-2b, (Revised 1/2012) 
Non-sudden Accidental Occurrence Endorsement for Pre-Accepted Policies EQP 5103-2 , (Revised 1/2012)
Sudden and Accidental Occurrence Endorsement EQP 5103-1b, (Revised 1/2012)
Sudden and Accidental Occurrence Endorsement for Pre-Accepted Policies EQP 5103-1, (Revised 1/2012)
Waiver Form EQP 5140, (Revised 1/2012)