462 - Wa Pollution Liab Insurance Program
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1 62 - A001 Heating Oil Tank Liability Insurance The Heating Oil Pollution Liability Insurance Program provides pollution liability coverage and technical assistance to owners of heating oil tanks. There is no direct cost to owners for the pollution liability insurance. The program is funded by fees paid by heating oil dealers, as well as special taxes on petroleum products. (Pollution Liability Insurance Program Trust Account-State, Heating Oil Pollution Liability Trust Account-Nonappropriated) Account FY 201 FY 201 Biennial Total FTE Heating Oil Pollution Liability Trust Account -6 Non-Appropriated $31,000 $22,000 $600,000 Statewide Result Area: Improve the quality of Washington s natural resources Statewide Strategy: Establish safeguards and standards to prevent and manage pollution Expected Results Days taken to provide a written opinion from the date of acceptance. (HOTAP)
2 Days taken to provide a written opinion Days to approval of completed Heating Oil Technical Assistance Program applications Days to approval of completed HOTAP applications
3 0022 of Heating Oil Technical Assistance Program public outreach efforts made per year (i.e. public meetings, informational mailings, website updates, home and trade shows) of public outreach efforts for HOTAP of tanks insured under oil heat program.,27 7, A3 7,23,27 7,36 7, A3 7,30 61,000 6,77 61,00 3
4 of tanks insured under oil heat program 6,000 63,000 62,000 61,000 60,000 9,000,000 7,000 6,000 Jun-02 Jun-03 Jun-0 Jun-0 Jun-06 Jun-07 Jun-0 Jun-09 Jun- Jun-11 Jun-12 Jun-13 A002 Pollution Liability Reinsurance The Washington Pollution Liability Insurance Program makes pollution liability insurance available and affordable to the owners and operators of regulated petroleum underground storage tanks by serving as the reinsurer of private-sector insurance policies. Availability of reinsurance allows tank owners and operators to comply with the financial responsibility regulations of the federal Environmental Protection Agency and the Washington State Department of Ecology. This program is funded entirely by special taxes on petroleum products. (Pollution Liability Insurance Program Trust Account-State) Account FY 201 FY 201 Biennial Total FTE Pollution Liability Insurance Program Trust Account -1 State $,000 $03,000 $97,000 Statewide Result Area: Improve the quality of Washington s natural resources Statewide Strategy: Establish safeguards and standards to prevent and manage pollution Expected Results As a result of PLIA providing reinsurance services to the commercial insurance industry, small business owners and operators of petroleum storage tanks are able to purchase pollution liability insurance at affordable rates. Direct savings to this sector of Washington's economy total $20,000,000 per year in insurance premiums. Washington homeowners are also directly protected from pollution liability through the oil heat program.
5 0002 Average pollution liability insurance policy premium per underground storage tank site. $1,23 $1, A3 $1,267 $1,23 $1,26 $1, A3 $1,2 $1,29 $1,31 $1,232 Dollars Average policy premium per site 1,600 1,0 1,00 1,0 1,00 1,30 1,300 1,20 1,200 1, Jun-02 Jun-03 Jun-0 Jun-0 Jun-06 Jun-07 Jun-0 Jun-09 Jun- Jun-11 Jun-12 Jun New Heating Oil Tank Pollution Liability Insurance Claims closed within three years. 20% 20%
6 Percent Claims closed within three years of financial and technical audits of Underground Storage Tank Commercial Reinsurance Program claims completed Q Q7 Q6 Q Q Q3 Q2 Q1 6
7 Financial and technical audits completed Sep-13 Dec-13 Mar-1 Sep-1 Dec-1 Mar of public outreach/education efforts for Heating Oil Tank Pollution Liability Insurance Program Public outreach/education efforts for HOTPLIP
8 00230 of public outreach/education efforts for the Underground Storage Tank Commercial Reinsurance Program (i.e. public meetings, informational mailings, website updates, home and trade shows) Public outreach/education efforts for USTCRP Reassess and approve new scopes of work for pending bio claims. (HOTPLIP) 1 1
9 Reassess and approve scope of work for bio claims Reduction in the number of change orders for new Heating Oil Tank Pollution Liability Insurance claims. 0% 0% Percent Reduction in change orders for new claims
10 00226 Days to respond to notice of Heating Oil Tank Pollution Liability Insurance claim Response to notice of claim Grand Total FTE's GFS Other Total FY 201 FY 201 Biennial Total $0 $02,000 $02,000 $0 $7,000 $7,000 $0 $1,7,000 $1,7,000
11 Parameter Budget Period Agency Version Result Area Activity Program Sub Program Account Expenditure Authority Type Theme Sort By Display All Account Types Include Policy Level Include Activity Description Include Statewide Result Area Include Statewide Strategy Include Expected Results Text Include Charts Chart Type Include Parameter Selections Version Source Entered As C - Enacted Recast All Result Areas All Activities All Programs All Sub Programs All Accounts All Expenditure Authority Types All Activity Line OFM 11
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