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d. The adjusted closure cost estimate shall be <br />submitted to the Department as part of the annual <br />report required in item III.N.3.b. <br />2. Financial Assurance and Liability <br />a. Financial Assurance <br />Within 60 days before the date on which hazardous <br />waste is first received for treatment, storage, <br />or disposal, the facility shall provide <br />documentation to the Department of liability <br />coverage for sudden accidental occurrences in the <br />amount of $1 million per occurrence per facility <br />with a 52 million annual aggregate as required by <br />Title 22, CCR, Section 67027. <br />b. Liability <br />The owner or operator shall demonstrate to the <br />Department continuous compliance with H&S Code <br />Section 25245 and applicable sections of <br />Article 17, Title 22, CCR by providing <br />documentation of liability coverage in the <br />required amounts. <br />An owner or operator who fulfills the requirements <br />above will be deemed to be without the required <br />financial assurance and liability coverage in the <br />event of a bankruptcy, insolvency, or a suspension or <br />revocation of the license or charger of the issuing <br />institution. The owner or operator must obtain other <br />financial assurance/liability coverage within 60 days <br />of such events. <br />IV. SPECIFIC CONDITIONS <br />A. Waste Analvsis <br />1. The facility shall analyze each batch of the finished <br />product to meet the recycled oil criteria in <br />accordance with Section 25250.1.0 of the H&S Code. <br />The Department shall include that, even though the <br />minimum accepted total halogens is 3,000 ppm; the <br />actual accepted level for total halogens in the <br />finished product should only be 1,000 ppm to meet <br />USEPA's standards, if a rebuttable presumption is <br />rejected. <br />Finished product or recycled oil criteria are: <br />a. Flashpoint: 100°F or greater <br />b. Lead: 50 ppm or less <br />-30- <br />