§444-11.1  Requirements to maintain license. 
(a)  A licensed contractor shall have and maintain in full force and effect the
following:



(1)  Workers' compensation insurance; unless the
licensee is authorized to act as a self-insurer under chapter 386 or is
excluded from the requirements of chapter 386;



(2)  Liability insurance from an insurance company or
agency for comprehensive personal injury and property damage liability; and



(3)  Bond when required by the board, under section
444-16.5.



(b)  Failure, refusal, or neglect of any
licensed contractor to maintain in full force and effect, the applicable
workers' compensation insurance, liability insurance, or bond shall cause the
automatic forfeiture of the license of the contractor effective as of the date
of expiration or cancellation of the contractor's workers' compensation
insurance, liability insurance, or bond.



(c)  The board shall not restore the forfeited
license until satisfactory proof of continuous insurance and bond coverages is
submitted to the board as required by this section.



(d)  Failure to restore a license within sixty
days after the date of forfeiture shall result in the forfeiture of all fees
and shall require the person to apply as a new applicant.



(e)  The board may assess a fee not to exceed
$1,000, impose a bond, or restrict the license as a condition for the
restoration of a license forfeited pursuant to this section.



(f)  A licensee may, within sixty days after
receipt of the notification of the forfeiture, request an administrative
hearing to review the forfeiture pursuant to chapter 91. [L 1982, c 175, §1; am
L 1995, c 20, §3]