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f <br /> TRA /VSP ® R T , / NC _ <br /> 25 92.2. (a) All owners and operators of an underground tank systemIshall maintain evidence of <br /> financial responsibility for taking corrective action and for compensating third parties for bodily <br /> injury and property damage caused by a release from the underground tank system, in <br /> ac rdance with regulations adopted by the board pursuant to Section 25299.3. The regulations <br /> shall include a schedule that requires that financial responsibility requirements are phased-in for <br /> all inderground storage tank systems on or before October 26, 1990. (b) If the owner and the <br /> op rator are separate persons, either the owner or the operator shall demonstrate compliance with <br /> su division (a). (c)An owner may comply with this article by entering into an agreement with <br /> the operator of the tank requiring the operator to demonstrate compliance with subdivision (a). <br /> However, both the owner and the operator are in violation of subdivision (a) if evidence of <br /> financial responsibility is not established and maintained in accordance with this article. <br />