198B.595 Proof of liability and workers' compensation insurance coverage.

227 words·~1 min read·/ky/chapter-198b/198b-595

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The commissioner shall not issue a license under KRS 198B.560 and

198B.580, unless the fire protection sprinkler contractor applicant files with the

commissioner proof of liability insurance coverage of not less than two hundred

and fifty thousand dollars ($250,000) one person/maximum and five hundred

thousand dollars ($500,000) one accident/maximum and workers'

compensation insurance as provided for in KRS Chapter 342.

(2)The workers' compensation insurance required by this section shall be in the

form of certificate of insurance executed by an insurer authorized to do

business in this state. The liability insurance required by this section shall be

liability insurance that covers the legal liability of the licensed person as the

result of erroneous acts or failure to act in his or her capacity as a fire

protection sprinkler contractor or system designer and shall be in the form of

certificate of insurance executed by an insurer authorized to do business in this

state or exported by a licensed surplus lines broker to an eligible carrier

pursuant to KRS 304.10-020 to 304.10-210. Insurance certificates filed with the

commissioner under this section shall remain in force until the insurer has

terminated future liability by a thirty

(30)day notice to the commissioner.

(3)Failure to maintain the insurance required hereunder shall constitute grounds

for denial, suspension, or revocation of a license under KRS 198B.620 by the

commissioner.