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Definitions for: water quality insurance syndicate
water quality insurance syndicate

group of marine underwriters formed in 1971 to provide coverage for shipowners for water pollution liability. The federal water quality improvement act of 1970 made shipowners responsible for hazardous substances discharged by their ships into the water. This led to the Water Quality Insurance Syndicate. Coverage extends to liabilities imposed by states. The syndicate vouches for the financial responsibility of those it insures.

Copyright © 2000, 1995, 1991, 1987 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

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Industry Associations

Industry Associations
Water Quality Association
Individuals or firms engaged in the manufacture and/or assembly and distribution and/or retail selling of water treatment equipment, supplies, and services. Promotes the acceptance and use of industry equipment, products, ...

Members: 2,500
Founded: 1974
Dues: dealer in U.S. and Canada, consulting, $365 annual; manufacturer's representative, $890 annual; manufacturer/supplier in U.S. and Canada, $1,250 annual.