WAC 173-360-440   Substitution of financial assurance mechanisms by owner or operator.  (1) An owner or operator may substitute any alternate financial assurance mechanisms as specified in WAC 173-360-400 through 173-360-499, provided that at all times he maintains an effective financial assurance mechanism or combination of mechanisms that satisfies the requirements of WAC 173-360-406.

     (2) After obtaining alternate financial assurance as specified in WAC 173-360-400 through 173-360-499, an owner or operator may cancel a financial assurance mechanism by providing notice to the provider of financial assurance in accordance with requirements for cancellation set forth for the specific mechanism in WAC 173-360-470 through 173-360-490.



[Statutory Authority: Chapter 90.76 RCW. 90-24-017, § 173-360-440, filed 11/28/90, effective 12/29/90.]