What does Resource Conservation and Recovery Act of 1976 mean? Read on to discover the definition & meaning of the term Resource Conservation and Recovery Act of 1976 - to help you better understand the language used in insurance policies.
Resource Conservation and Recovery Act of 1976
A federal act regulating the handling of hazardous waste from its generation to disposal. The Act defines "hazardous waste" and establishes standards and permit programs for waste generating, treatment, storage, and disposal. It implements detailed recordkeeping requirements and imposes civil and criminal penalties for noncompliance.
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.
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