[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-505909-105":59,"doc-detail-505909-en":130},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":123,"head_meta":125,"extra_data":127,"updated_unix":129},105,"en","how-to-review-an-instrument-how-to-review-an-instrument","How to Review an Instrument - How to Review an Instrument","","Updated April 2021 guidance explains how to review a storage tank financial assurance (FA) instrument under Florida storage tank rules and related federal requirements. It outlines four review objectives: identifying the mechanism used, confirming FA coverage aligns with required liability needs, verifying the DEP form is complete and correct, and ensuring required supporting documentation is included. The material compares commonly used mechanisms for businesses and governments, discusses key terminology, and reflects rule and wording updates incorporated across 2019–2021.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":35,"@type":76,"position":81},"https://docshare.wps.com/document/healthcare/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/how-to-review-an-instrument-how-to-review-an-instrument/505909/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/how-to-review-an-instrument-how-to-review-an-instrument/505909.png","ImageObject",300,407,{"name":92,"@type":93},"Mimi","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-22","2026-10-04",true,{"@type":102,"interactionType":103,"userInteractionCount":81},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What are the four objectives for reviewing a financial assurance instrument?","Question",{"text":112,"@type":113},"The review focuses on: (1) which mechanism is used, (2) whether FA covers what must be covered, (3) whether the DEP form is completed accurately and fully, and (4) whether all required supporting documentation is included.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which mechanisms are most commonly used by businesses?",{"text":117,"@type":113},"About 85% of businesses use Part D (Certificate of Insurance/COI), about 12% use Part A (Financial Test/Self Insurance/Letter from the CFO), and about 3% use other mechanisms such as guarantee, insurance endorsement, performance bond, letter of credit, and trust fund.",{"name":119,"@type":110,"acceptedAnswer":120},"What federal requirement is referenced for government exemptions?",{"text":121,"@type":113},"The adopted federal code 40 CFR 280.90(c) exempts state and federal government entities whose debts and liabilities are the debts and liabilities of a state or the United States.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},505909,1792197388,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":34,"category_name":35,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":81,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145,"preview_page_count":4},2336477974920,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","| \u003Cbr>\u003Cbr>Financial Responsibility for Storage Tanks\u003Cbr>HOW TO REVIEW AN INSTRUMENT\u003Cbr>Financial Assurance Working Group Permitting and Compliance Assistance Program (PCAP Division of Waste Management The Florida Department of Environmental Protection\u003Cbr>Updated April 2021 | 1 |\n| --- | --- |\n\nHow to Review a Financial Assurance Instrument.  \nPresented by the Financial Assurance Working Group.  \nPlease e-mail questions to us – see last slide.  \nThe original presentation on January 10, 2019 during the Storage Tank Compliance Quarterly County Teleconference has been edited to respond to questions asked during that presentation and to include rule changes incorporated on October 13 & 17, 2019. Subsequent edits were made in relation to the form wording change in February 2020 (“discharges” replacing“releases”), rule revision (April 2021 but implemented in 2019) to exempt federal and state-owned ASTs and the addition of several web-based tools.  \nUST and AST rules (and federal code) that deal with Storage Tank financial responsibility include:  \n• Rules 62-761.420 and 62-761.421, F.A.C. , provide the core of FR regulation for storage tanks  \n• Rules 62-761.710 and 62-762.711, F.A.C. , detail some FR record keeping requirements  \n• Rules 62-761.800 and 62-762.801, F.A.C. , identify Out-of-Service FR requirements  \n• Many FR requirement details are found in 40 CFR Part 280 Subpart H  \n\n| | How to Review a Storage Tank Financial Assurance Instrument |\n| --- | --- |\n| Objectives\u003Cbr>1. What mechanism is being used?\u003Cbr>• Parts A – O of DEP Form 62-761.900(3)\u003Cbr>• Focus on two most used instruments\u003Cbr>2. Does FA cover what needs to be covered?\u003Cbr>• Initial considerations • Government exemptions (USTs and ASTs)\u003Cbr>• Tanks/Facilities • Liability types • Liability amounts\u003Cbr>3. Is form filled completely and correctly?\u003Cbr>• Website guidance • Completely • Correctly\u003Cbr>4. Is supporting documentation included?\u003Cbr>• References and Requirements table Notes:\u003Cbr>FA = financial assurance ≈ FR = financial responsibility mechanism = part ≈ instrument = document\u003Cbr>UST = underground storage tank AST = aboveground storage tank 2 |  |\n\n[Slide 2]  \nSo, how «do» we review a financial assurance instrument?  \nHere are four aspects of the process:  \n• Objective 1. Which mechanism is being used?  \n• Objective 2. Does FA cover what needs to be covered?  \n• Objective 3. Is the DEP form filled completely and correctly?  \n• Objective 4. Is all the supporting documentation required by Rule (and federal code) included?  \nAnd then there will be a few miscellaneous details  \nA note on nomenclature:  \n“FR” is the requirement to have “FA” documentation. But the terms can be used fairly synonymously.  \nThink of FA “mechanisms” and “parts” as being the various parts of DEP Form 62-761.900(3) (basically,‘the blank forms’) and FA “instruments” and“documents” as being the ‘legally binding’ completed and signed documents. But these terms can be used fairly synonymously.  \nUST = underground storage tank andAST = aboveground storage tank Note: Angular quotation marks (“«” and “»”) are used mainly to suggest emphasis when reading these notes.  \n\n| | What mechanism is being used?\u003Cbr>(businesses) |\n| --- | --- |\n| Businesses can use Parts A through G of Form 62- 761.900(3) as the primary mechanism\u003Cbr>• About 85% of businesses use Part D (Certificate of Insurance) aka COI\u003Cbr>• About 12% use Part A (Financial Test – Self Insurance [Letter from CFO])\u003Cbr>• About 3% use the other mechanisms\u003Cbr>• Guarantee (Part B), Insurance Endorsement (Part C), Performance Bond (Part E), Letter of Credit (Part F) and Trust Fund (Part G)\u003Cbr>All forms parts are available as individual forms on our website:\u003Cbr>• [https://floridadep.gov/waste/permitting-compliance](https://floridadep.gov/waste/permitting-compliance)\u003Cbr>assistance/content/storage-tank-financial-responsibility\u003Cbr>Note: for navigation: the main FR pages have links to the other main pages near the bottom.\u003Cbr>3 |  |\n\n[Slide 3]  \nObjective num","cbCailMk58YtMwGC","https://ap.wps.com/l/cbCailMk58YtMwGC","pdf",2546372,35,"English","# Objectives\n## What mechanism is being used?\n## Does FA cover what needs to be covered?\n## Is form filled completely and correctly?\n## Is supporting documentation included?\n# What mechanism is being used? (businesses)\n# What mechanism is being used? (governments)\n# Does FA cover what needs to be covered? (Part 1)","[{\"question\":\"What are the four objectives for reviewing a financial assurance instrument?\",\"answer\":\"The review focuses on: (1) which mechanism is used, (2) whether FA covers what must be covered, (3) whether the DEP form is completed accurately and fully, and (4) whether all required supporting documentation is included.\"},{\"question\":\"Which mechanisms are most commonly used by businesses?\",\"answer\":\"About 85% of businesses use Part D (Certificate of Insurance/COI), about 12% use Part A (Financial Test/Self Insurance/Letter from the CFO), and about 3% use other mechanisms such as guarantee, insurance endorsement, performance bond, letter of credit, and trust fund.\"},{\"question\":\"What federal requirement is referenced for government exemptions?\",\"answer\":\"The adopted federal code 40 CFR 280.90(c) exempts state and federal government entities whose debts and liabilities are the debts and liabilities of a state or the United States.\"}]","How to Review an Instrument - How to Review an Instrument | PDF",1791155749,88]