309.442 Insurance policy required for mitigation and measurement contractors.

151 words·~1 min read·/ky/chapter-309/309-442

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

Each mitigation or measurement contractor shall maintain an insurance policy that:

(1)Is issued by an insurance company or other legal entity permitted to transact

insurance business in the Commonwealth of Kentucky;

(2)Provides for general liability coverage for measurement contractors in an amount of

at least two hundred fifty thousand dollars ($250,000) that is maintained in effect at

all times during the registration period;

(3)Provides for general liability coverage for mitigation contractors and radon

laboratories in an amount of at least five hundred thousand dollars ($500,000) that

is maintained in effect at all times during the registration period;

(4)Lists the board as a certificate holder of any insurance policy issued under

subsection

(1)of this section; and

(5)States that cancellation or nonrenewal of the underlying liability insurance policy is

not effective until the board receives at least ten

(10)days' written notice of the

cancellation or nonrenewal.