ATCP 93.713(2)(c)(c) If the department notifies the guarantor that he or she no longer meets the requirements of the financial test of s. ATCP 93.710 (2) or (3), the guarantor shall notify the owner or operator within 10 days of receiving such notification from the department. ATCP 93.713(2)(d)(d) Under either par. (b) or (c), the guarantee shall terminate no less than 120 days after the date the owner or operator receives the notification as evidenced by the return receipt. ATCP 93.713(3)(a)(a) The instructions in brackets in the guarantee shall be replaced by the relevant information and the brackets deleted. ATCP 93.713(3)(b)(b) If financial responsibility for aboveground tanks within the scope of this subchapter is demonstrated using this method, all of the following changes shall be made: ATCP 93.713(3)(b)1.1. Reference in the guarantee to underground tanks shall be amended to refer to aboveground tanks. ATCP 93.713(4)(a)(a) An owner or operator who uses a guarantee to satisfy the requirements of s. ATCP 93.705 shall establish a standby trust fund when the guarantee is obtained. ATCP 93.713(4)(b)(b) Under the terms of the guarantee, all amounts paid by the guarantor under the guarantee shall be deposited directly into the standby trust fund in accordance with instructions from the department under s. ATCP 93.747. ATCP 93.713 HistoryHistory: CR 17-092: cr. Register October 2019 No. 766, eff. 11-1-19. ATCP 93.715ATCP 93.715 Insurance and risk retention group coverage. ATCP 93.715(1)(1) To use insurance and risk retention group coverage to meet the financial responsibility requirements of s. ATCP 93.705, an owner or operator shall obtain liability insurance that conforms to the requirements of this section from a qualified insurer or risk retention group. Such insurance may be in the form of a separate insurance policy or an endorsement to a current insurance policy. ATCP 93.715(2)(2) “Termination,” as used in the forms required under this section, means only those changes that would result in a gap in coverage as where the insured has not obtained required coverage or has obtained required coverage with a different retroactive date than the retroactive date of the original policy. ATCP 93.715(3)(3) Each insurance policy shall be issued by an insurer or a risk retention group that is licensed to transact the business of insurance or eligible to provide insurance as an excess or surplus lines insurer in one or more states. ATCP 93.715(4)(a)(a) The instructions in brackets in the endorsement or certificate shall be replaced by the relevant information and the brackets deleted. ATCP 93.715(4)(b)(b) If financial responsibility for aboveground tanks within the scope of this subchapter is demonstrated using this method, all of the following changes shall be made: ATCP 93.715(4)(b)1.1. Reference in the endorsement or certificate to underground tanks shall be amended to refer to aboveground tanks. ATCP 93.715(6)(a)(a) If the insurer or group terminates coverage for any reason, the insurer or group shall notify the department of such termination at the same time the insured is notified. ATCP 93.715(6)(am)(am) If the operator is the insured and the insurance lapses or is terminated, the insurer or group shall notify the owner of the property at the same time the insured is notified. ATCP 93.715(6)(b)(b) If the insured allows coverage to lapse or changes insurers or groups, the insured shall notify the department within 10 days. ATCP 93.715 HistoryHistory: CR 17-092: cr. Register October 2019 No. 766, eff. 11-1-19.