Section 42.06.280. Insurance and security.

Latest version.

The commission may require a lessee to procure and furnish liability and property damage insurance from a company licensed to do business in the state or furnish other security or undertaking upon the terms and conditions the commission considers necessary if the commission finds that the net assets of the lessee are insufficient to protect the public from damage for which the lessee may be liable arising out of the construction or operation of the pipeline.

Notes

History

(Sec. 1 ch 139 SLA 1972; am Sec. 4 ch 6 FSSLA 1973; am Sec. 110 ch 6 SLA 1984)

                    
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