No person may install an UST system listed in ARM 17.56.102(4) or (5) for the purpose of storing regulated substances unless the UST system (whether of single- or double-wall construction) :

(1) will prevent releases due to corrosion or structural failure for the operational life of the UST system;

(2) is cathodically protected against corrosion, constructed of noncorrodible material, steel clad with a noncorrodible material, or designed in a manner to prevent the release or threatened release of any stored substance; and

(3) is constructed or lined with material that is compatible with the stored substance.