Section 326.170  Modification or Replacement of Financial Assurance Arrangements

The licensee shall not substitute, modify or replace financial assurance arrangements filed with the Agency without prior approval by the Agency.

a)         Substitute or replacement financial assurance arrangements shall meet the requirements of this Part.

b)         Proposed modifications to financial assurance arrangements already filed with the Agency shall be submitted in writing to the Agency for approval.

c)         Existing financial assurance arrangements shall not be released by the Agency until the proposed modifications or replacement financial assurance arrangements have been approved and filed in accordance with Section 326.90 of this Part.

(Source:  Amended at 29 Ill. Reg. 20781, effective December 16, 2005)