Section 176.225  Substitution of Financial Responsibility Mechanisms by an Owner or Operator

a)         An owner or operator may substitute any alternative financial responsibility mechanism specified in Section 176.215, provided that at all times the owner or operator maintains an effective financial responsibility mechanism or combination of mechanisms that satisfies the requirements of this Subpart.

b)         After replacing a financial responsibility mechanism with a different mechanism specified in Section 176.215, an owner or operator may cancel the replaced financial responsibility mechanism by providing notice to the provider of financial assurance.

(Source:  Amended at 42 Ill. Reg. 10621, effective October 13, 2018)