General
Overview
Owners or operators who transport medical waste should refer to
Subchapter U of Chapter 37 
which establishes requirements and
mechanisms for demonstrating financial assurance for automobile
liability and pollution liability.
An owner or operator that is subject to financial assurance must
submit an originally signed financial assurance mechanism prior to
issuance of a registration. The signed financial mechanisms must be
in effect at the time it is submitted.
Questions? We
Can Help
If you have questions about financial assurance for Medical
Waste Transporters, please contact
us.
Financial
Assurance Requirements
- A combined, single-limit automobile liability insurance policy
with limits of at least $1,000,000 per accident, exclusive of legal
defense costs.
- For 1-7 Vehicles: A pollution liability policy with a
limit of $500,000, exclusive of legal defense costs.
- For more than 7 vehicles: A pollution liability policy
with a limit of $1,000,000, exclusive of legal defense costs.
OR
An irrevocable letter of credit payable to TCEQ. The amount of
the letter of credit required depends on the number of vehicles
registered. Refer to Subchapter U of Chapter 37 for required
amounts.
Types of Financial
Assurance Mechanisms
- An originally signed certificate of insurance to demonstrate
auto liability coverage
- An original paper MCS-90 form or letter of credit to
demonstrate pollution liability coverage
MCS-90 Form requirements:
Policy number on MCS-90 form must match policy number on
certificate of insurance Name on MCS-90 form must match name on
certificate of insurance
- Original Form E or cancellation statement on
certificate
Form E requirements:
Name of Commission should read: TCEQ not Department of
Transportation.
Policy number on Form E should match policy number on certificate
of insurance.
A paper filing is required; TCEQ does not have electronic filing
for Form E.
Cancellation Statement requirements:
It should read exactly: "Should any of the above described
policies be cancelled before the expiration date thereof, the
issuing company will mail a 60-day written cancellation notice to
the certificate holder."
