SB 310
Modifies provisions relating to the Petroleum Storage Tank Insurance Fund
LR Number:
Last Action:
3/9/2021 - Voted Do Pass S Insurance and Banking Committee
Journal Page:
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SB 310 - Under current law, the Petroleum Storage Tank Insurance Fund assumes costs of 3rd-party claims and cleanup of contamination caused by releases from petroleum storage tanks and pays legal defense costs for eligible 3rd-party claims. This act specifies that the legal defense costs are separate from other coverage limits and allows the Fund to set a limit for such coverage.

This act is identical to a provision contained in the truly agreed SCS/HB 604 (2021) and the truly agreed HCS/SS/SB 6 (2021).



No Amendments Found.