| (a) An owner or operator may satisfy the requirements of financial
assurance for liability as specified in Subchapter E of this chapter (relating
to Financial Assurance Requirements for Liability Coverage) by obtaining insurance
which conforms to the requirements of this section, in addition to the requirements
specified in Subchapter A of this chapter (relating to General Financial Assurance
Requirements), and submitting a signed duplicate original of the endorsement
or certificate of insurance to the executive director.
(b) At a minimum, the insurer must be licensed to transact
the business of insurance, or eligible to provide insurance as an excess or
surplus lines insurer, in one or more states.
(c) The wording of the certificate of insurance must be identical
to the wording specified in §37.631 of this title (relating to Certificate
of Insurance for Liability). The wording of the endorsement must be identical
to the wording specified in §37.641 of this title (relating to Endorsement
for Liability).
(d) The insurance policy shall be amended by attachment of
the Endorsement for Liability or evidenced by a Certificate of Insurance for
Liability. If requested by the executive director, the owner or operator shall
provide a signed duplicate original of the insurance policy.
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