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Oklahoma Administrative Code (Last Updated: March 11, 2021) |
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TITLE 460. Department of Mines |
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Chapter 25. Oklahoma Explosives and Blasting Rules and Regulations |
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Subchapter 11. General Requirements for Insurance |
SECTION 460:25-11-3. Liability insurance for blasting operations
Latest version.
- (a) The Department shall require the applicant to submit as part of its permit application a certificate issued by an insurance company authorized to do business in the United States certifying that the applicant has a public liability insurance policy in force for the blasting operation for which the permit is sought. Such policy shall provide for personal injury and property damage protection in an amount adequate to compensate any persons injured or property damaged as a result of the blasting operations. Minimum insurance coverage for bodily injury and property damage shall be $300,000 for each occurrence and $500,000 aggregate.(b) The policy shall be maintained in full force during the life of the permit or any renewal thereof, including the liability period necessary for permit release.(c) The policy shall include a rider requiring that the insurer notify the Department whenever substantive changes are made in the policy including any termination or failure to renew.(d) The Department may accept from the applicant, in lieu of a certificate for a public liability insurance policy, satisfactory evidence from the applicant that it satisfies applicable State selfinsurance policy requirements approved as part of the regulatory program and the requirements of this Section.