Down here, these huge tanks (they're fifteen feet long) are certified at the factory, AFAIK, and that's the end of it.
Every dozen (or so) years they replace the regulators.
And, every new delivery company runs a complete hour-long inspection of the tank, fittings, and premises (inside & outside the house).
I doubt these things are exploding left and right, so, for safety, that's apparently just fine.
I'll tell you the least of my worries is the tank causing a hazard.
I'd worry more about a thousand other items in the house, not the least of which are my kid's friends.