The department shall provide reimbursement to licensed petroleum marketers, and other tank owners as defined by the department pursuant to rule for liability to third parties. Coverage may only be extended to tanks that are regulated in §§ 34A-2-98 and 34A-2-100 , excluding tanks that are exempted from coverage requirements by rules promulgated pursuant to chapter 1-26 by the Board of Water Management, in any amount not to exceed nine hundred ninety thousand dollars as described in §§ 34A-13-8.1 and 34A-13-40 and set forth in §§ 34A-13-42 to 34A-13-46 , inclusive.
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