Section 4785.07 | Insurance requirements [repealed 4/3/2033].
(A) Elevator contractors shall submit to the division of industrial compliance within the department of commerce proof of insurance coverage greater than or equal to the following amounts:
(1) One million dollars for injury or death of any number of individuals in any one occurrence;
(2) Five hundred thousand dollars for property damage in any one occurrence;
(3) Workers' compensation insurance coverage.
(B) Such proof of insurance shall be delivered to the division before or at the time of the issuance or renewal of a license.
(C) If any policy required under this section is materially altered or canceled, the elevator contractor covered by the policy shall give notice of the material alteration or cancellation to the division at least ten days prior to the change.
Last updated March 21, 2023 at 3:42 PM
Available Versions of this Section
- April 3, 2023 – Enacted by House Bill 107 - 134th General Assembly [ View April 3, 2023 Version ]