48-2527 Insurance policy; requirements; delivery; notice of alteration or cancellation. - Nebraska Statutes

48-2527. Insurance policy; requirements; delivery; notice of alteration or cancellation.(1) An elevator contractor shall submit to the commissioner an insurance policy, or certified copy thereof, issued by an insurance company authorized to do business in the state to provide general liability coverage of at least one million dollars for injury or death of any one person and one million dollars for injury or death of any number of persons in any one occurrence and to provide coverage of at least five hundred thousand dollars for property damage in any one occurrence and workers' compensation insurance coverage as required under the Nebraska Workers' Compensation Act.(2) Such policies, or certified copies thereof, shall be delivered to the commissioner before or at the time of the issuance of a license. In the event of any material alteration or cancellation of any policy, at least ten days' notice thereof shall be given to the commissioner. SourceLaws 2006, LB 489, § 27. Cross ReferencesNebraska Workers' Compensation Act, see section 48-1,110.