California Health and Safety Code

§ 80690

HSC § 80690 Effective Jan 1, 2023Div. 45 · Part 2 · Ch. 11 · Art. 1

Statute text

(a)“Cost overrun insurance” means insurance that covers some, or all, of the response costs caused by a known pollution condition at a site, that exceed the estimated response action costs that have been accepted and approved by the insurer, based on information from the department and other relevant sources at the time the insurance is first obtained.

(b)Cost overrun insurance shall, at a minimum, provide for all of the following:

(1)The response costs in excess of the estimated response action costs that have been accepted and approved by the insurer.

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Legislative history

Added by Stats. 2022, Ch. 257, Sec. 2. (AB 2293) Effective January 1, 2023. Operative January 1, 2024, pursuant to Sec. 4 of Stats. 2022, Ch. 257.