What does Reportable Quantity mean? Read on to discover the definition & meaning of the term Reportable Quantity - to help you better understand the language used in insurance policies.
The quantity of a hazardous substance that triggers reports under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). If a substance exceeds its RQ, the release must be reported to the National Response Center, the State Emergency Response Commission (SERC), and community emergency coordinators for areas likely to be affected.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Reportable Quantity. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: