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Title-3 >
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Chapter-105 >
105-19
105.19 INSURANCE AND SURETY BOND REQUIREMENTS.
1. An applicant for a contractor license or renewal of an active
contractor license shall provide evidence of a public liability
insurance policy and surety bond in an amount determined sufficient
by the board by rule.
2. If the applicant is engaged in plumbing, HVAC, refrigeration,
or hydronic work individually through a business conducted as a sole
proprietorship, the applicant shall personally obtain the insurance
and surety bond required by this section. If the applicant is
engaged in the plumbing, HVAC, refrigeration, or hydronic business as
an employee or owner of a legal entity, then the insurance and surety
bond required by this section shall be obtained by the entity and
shall cover all plumbing or mechanical work performed by the entity.
3. The insurance and surety bond shall be written by an entity
licensed to do business in this state and each licensed contractor
shall maintain on file with the board a certificate evidencing the
insurance providing that the insurance or surety bond shall not be
canceled without the entity first giving fifteen days' written notice
to the board. Section History: Recent Form
2007 Acts, ch 198, §19; 2008 Acts, ch 1089, §10, 12; 2009 Acts, ch
151, §20
