Section 12-836 - Insurance requirements. - Maryland Statutes

§ 12-836. Insurance requirements.
 

(a)  In general.- An elevator contractor may not engage in the business of elevator installation, alteration, repair, or service work unless the work of the elevator contractor is covered by: 

(1) general liability insurance in the amount of at least $1,000,000; and 

(2) property damage insurance in the amount of at least $500,000. 

(b)  Proof of insurance.- An applicant for an elevator contractor license shall submit proof of the insurance required under subsection (a) of this section to the Board with the license application. 

(c)  License renewal prohibited.- Unless a licensee meets the insurance requirements of this section, the Board may not renew the license of a licensee to whom the insurance requirements of this section apply. 

(d)  Notice of cancellation.- A licensed elevator contractor shall give the Board notice of the cancellation of insurance at least 10 days before the effective date of the cancellation. 
 

[An. Code 1957, art. 89, § 49C(u); 2003, ch. 5, § 2.]