NRS 459.525 Financial responsibility of owner or operator of facility; claim against insurer, guarantor, surety or other person providing evidence of financial responsibility.

367 words·~2 min read·/nv/chapter-459-hazardous-materials/459-525·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The Commission shall adopt regulations:

(a)Establishing the types of facilities for the management of hazardous waste for which the owner or operator of a facility for the management of hazardous waste must show his or her financial responsibility for the undertaking; and

(b)Requiring the owner or operator to provide:

(1)Evidence that the owner or operator has a policy of liability insurance in an amount which the Department has determined is necessary for the protection of human health, public safety and the environment;

(2)Evidence of security, in a form and amount which the Department deems necessary, to ensure that at the time of any abandonment, cessation or interruption of the service provided by the facility, and thereafter, all appropriate measures will be taken to prevent damage to human health, public safety and the environment; and

(3)Any other evidence of financial responsibility which the Commission finds necessary for those purposes.

2. Requirements established pursuant to this section may not exceed those requirements for financial responsibility established pursuant to the Resource Conservation and Recovery Act of 1976, 42 U.S.C. §§ 6901 et seq.

3. Any claim arising from conduct for which evidence of financial responsibility is required may be asserted directly against the insurer, guarantor, surety or other person providing such evidence if the owner or operator:

(a)Has filed a petition in bankruptcy, or is the object of an involuntary petition;

(b)Cannot respond in damages in the event a judgment is entered against the owner or operator; or

(c)Is not subject to the personal jurisdiction of any court of this or any other state, or of the United States, or cannot, with due diligence, be served with process.

4. If a claim is asserted directly against a person providing evidence of financial responsibility, that person may assert any right or defense which:

(a)The person might have asserted in any action against him or her by the owner or operator; or

(b)The owner or operator might have asserted, had the claim been made against him or her.