§ 86.162. Subsidence insurance in lieu of bond.
A permittee for a bituminous underground mine, may, in lieu of bond coverage for the risk of subsidence, purchase and maintain in force subsidence insurance as provided by the act of August 23, 1961 (P. L. 1068, No. 484) (52 P. S. § § 3201—3226), entitled, ‘‘An Act to provide for the creation and administration of a Coal and Clay Subsidence Insurance Fund within the Department of Environmental Resources for the insurance of compensation for damages to subscribers thereto...’’, for the benefit of all affected surface property owners.
Source The provisions of this § 86.162 adopted December 19, 1980, 10 Pa.B. 4789, effective July 31, 1982, 12 Pa.B. 2382; amended July 30, 1982, 12 Pa.B. 2473, effective July 31, 1982, 12 Pa.B. 2382.
Cross References This section cited in 25 Pa. Code § 86.155 (relating to scope); 25 Pa. Code § 86.156 (relating to form of the bond); and 25 Pa. Code § 86.165 (relating to failure to maintain proper bond).
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