Requires vessel owners or operators to maintain evidence of financial responsibility with the department.
The bill mandates that owners or operators of vessels establish and maintain evidence of financial responsibility with the department, sufficient to meet the liability amount. A vessel cannot be operated in the state without this evidence. Owners or operators demonstrating financial responsibility under the Federal Oil Pollution Act of 1990 are deemed to have met the state's requirements. The department can revoke acceptance of proof of financial responsibility if obtained by fraud or misrepresentation, or if a change of circumstance warrants denial.
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