100D.4 - INSURANCE AND SURETY BOND REQUIREMENTS. - Iowa Statutes

100D.4 INSURANCE AND SURETY BOND REQUIREMENTS. 1. An applicant for a fire sprinkler installer and maintenance worker license or renewal of an active license shall provide evidence of a public liability insurance policy and surety bond in an amount determined sufficient by the fire marshal by rule. 2. If the applicant is engaged in fire sprinkler installer and maintenance worker 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 fire sprinkler installer and maintenance worker 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 fire sprinkler installer and maintenance worker 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 licensee shall maintain on file with the department 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 fire marshal.          Section History: Recent Form 2008 Acts, ch 1094, §5, 18; 2009 Acts, ch 91, §9