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III Illlllllllill III <br />999 <br />STATE OF COLORADO <br />~~ <br />MINED LAND RECLAMATION DIVISION <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />303 866.3567 <br />Fax: 303 832-8106 <br />pF'COyp <br />r.F's i <br />Ne ~ "~ <br />. . <br />{ r8'!e ~ <br />Roy Ramer, <br />Governor <br />May 21, 1991 <br />Mr, Gary Harding <br />Terror Creek Company <br />P.O, Box 117 <br />Paonia, Colorado 81423 <br />RE: Terror Creek Loadout, C-83-059 <br />Dear Mr. Harding: <br />Fretl R. Banes. <br />Division Director <br />During the last complete inspection, Mr. Jim Stevens requested that a copy of <br />the insurance policy required by Rule 2.03.9 be retained with the records <br />available for public scrutiny. The staff took this opportunity to review the <br />policy and requests that the policy be clarified and modified, <br />a. Please revised the "Named Insured" to specify each mine covered by <br />the policy per Rule 2.03.9(11. <br />b. Rule 2.03.9(11 requires that minimum insurance coverage for bodily <br />injury shall be E300,000 for each occurrence and 5500,000 <br />aggregate; and minimum insurance coverage for property damage shall <br />be 5300,000 for each occurrence and and 5500,000 aggregate. We <br />need to be assured that if each named insured company suffered a <br />loss, that the minimum liability limits would apply, OSM has <br />asserted that some coal companies within the state are underbonded, <br />as OSM has taken the policy limits and divided by the number of <br />listed mine sites, Please discuss this with your insurer and <br />modify the upcoming premium declaration to clarify this situation. <br />Please respond to these questions withi <br />your insurance policy before it expires <br />questions about this, feel free to call, <br />n sixty days to permit modification of <br />on July 21, 1991. If you have any <br />Sincerely, <br />~~~~~ <br />)CTyVJ,/~ ~ <br />Randall P. Price <br />Reclamation Specialist <br />RPP/yjb <br />5743F <br />