Code of Federal Regulations Title 40. Protection of Environment § 40.280.109 Cancellation or nonrenewal by a provider of financial assurance

(1) Termination of a local government guarantee, a guarantee, a surety bond, or a letter of credit may not occur until 120 days after the date on which the owner or operator receives the notice of termination, as evidenced by the return receipt.

(2) Termination of insurance or risk retention coverage, except for non-payment or misrepresentation by the insured, or state-funded assurance may not occur until 60 days after the date on which the owner or operator receives the notice of termination, as evidenced by the return receipt. Termination for non-payment of premium or misrepresentation by the insured may not occur until a minimum of 10 days after the date on which the owner or operator receives the notice of termination, as evidenced by the return receipt.

(1) The name and address of the provider of financial assurance;

(2) The effective date of termination;  and

(3) The evidence of the financial assistance mechanism subject to the termination maintained in accordance with § 280.111(b).