Forfeiture of financial assurance instrument

The Chief Environmental Officer may declare forfeited the financial assurance instrument provided by the operator if298 Environmental Protection (a) the operator fails to commence closure in a timely fashion; (b) the operator fails to complete closure in a timely fashion (c) the operator fails to meet closure or post closure care standards specified in an approval; (d) the operator fails to renew an existing financial assurance instrument in a timely fashion; (e) the operator fails to adjust the amount of financial assurance for inflation or to account for changes in the closure or post closure care plan; (i) the operator has not complied with an environ• mental protection order issued by the Chief Environmental Officer; (g) bankruptcy proceedings are commenced against the operator.