Does my Operation Need Approved Proof of Financial Responsibility?
Alaska Statutes 46.04.040 and 46.04.055 require proof of an operator's financial ability to respond to damage claims resulting from an oil discharge. This is termed "proof of financial responsibility." The statutes and their defining regulations are in the Alaska Administrative Code (18 AAC 75, Article 2). Prior to operating in Alaska, the following operations need approved proof of financial responsibility.
- Oil Terminal Facility - facilities with storage capacity more than 5,000 barrels of crude or 10,000 of noncrude. For more information about oil terminals, please see 46.04.900 (15).
- Pipeline - structures used to transport oil or petroleum products between production facilities or to vessels. For more information, please see 46.04.900 (19).
- Exploration Facility - platform, vessel, or other facility used to explore for oil resources. For more information, please see 46.04.900 (8).
- Offshore or Onshore Production Facility - drilling rig, drill site, flow station, gathering center, pump station, storage tank, well and related appurtenances. For more information, please see 46.04.900 (20).
- Tank Vessel or Oil Barge - vessel that transports oil as cargo in bulk. For more information about tank vessels, please see 46.04.900 (26). For more information about oil barges, please see 46.04.900 (14).
- Nontank Vessel - a self-propelled vessel over 400 gross registered tons. For more information, please see 46.04.900 (12).
- Railroad Tank Cars - rolling stock used to transport oil or petroleum products in bulk as cargo. For more information, please see 46.04.900 (22).
- Underground Storage Tank (UST) - For more information, please refer to the UST website.
For More Information
- Contact Shauna McMahon
- Phone: 907-465-5233, Fax: 907-465-5245
- Mailing Address: P.O. Box 111800 Juneau, AK 99811