Mont. Admin. r. 24.144.403 - PROOF OF INSURANCE
(1) Prior to
issuance of a license and annually thereafter the entity shall obtain, maintain
in full force and file with the department a full term commercial general
liability insurance policy from an insurance company authorized to do business
in the state of Montana and except as provided in (5), submit verification of
workers' compensation insurance.
(2) An entity engaging in the business of
servicing fire extinguishers shall submit a copy of commercial general
liability insurance with a minimum limit per occurrence of $500,000 that
includes premises/operations and products/completed operations coverage.
(3) An entity engaging in the
business of selling, servicing or installing fire alarm systems, special agent
fire suppression systems or fire extinguisher systems shall submit a copy of
commercial general liability insurance with a minimum limit per occurrence of
$1,000,000 that includes premises/operations and products/completed operations
coverage.
(4) Failure to maintain
liability insurance required under this chapter constitutes grounds for denial,
suspension or revocation of a license.
(5) Sole proprietors or working members of a
partnership who are on file with the Department of Labor and Industry as
independent contractors, with no employees, need not submit workers'
compensation but shall submit independent contractor exemption verification to
the department.
Notes
AUTH: 50-39-107, MCA IMP: 50-39-102, MCA
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.