B.Proof of InsuranceAll licensees shall submit proof of products/completed operations liability insurance and workers' compensation insurance as set forth herein regardless of when the license was initially issued or last renewed. Licensees shall maintain this coverage in effect at all times as an ongoing condition of licensure and shall present proof of insurance annually as set forth in this Section 1(B), Section 4(A)(1), Section 4(B)(1), Section 4(C)(1), Section 4(D)(1), Section 4(E)(1) and Section 5(B) of this chapter.
1. On June 30, 2005, and on June 30 of every odd-numbered year thereafter, all mechanics, developer dealers and installers shall submit proof of products/completed operations liability insurance, for a limit of not less than $300,000 per occurrence, bodily injury and property damage or combined single limit, and proof of workers' compensation insurance (unless waived in a manner approved by the Workers' Compensation Board) applicable to products sold, or work performed in Maine. Insurance policies must remain in effect while a license is active. The liability policy must include mandatory notice of cancellation to the Manufactured Housing Board. Sole proprietors, owners of a partnership and owners or members of a limited liability company need not provide proof of workers' compensation insurance on themselves. Proof of insurance as described above in even-numbered years shall be submitted with the licensee's application for license renewal pursuant to Section 4(B) of this chapter.
2. On June 30, 2005, and on June 30 of every odd-numbered year thereafter, all dealers and manufacturers shall submit proof of products/completed operations liability insurance, for a limit of not less than $1,000,000 per occurrence, bodily injury and property damage or combined single limit, and proof of workers' compensation insurance (unless waived in a manner approved by the Workers' Compensation Board) applicable to products sold, or work performed in Maine. Insurance policies must remain in effect while a license is active. The liability policy must include mandatory notice of cancellation to the Manufactured Housing Board. Sole proprietors, owners of a partnership and owners or members of a limited liability company need not provide proof of workers' compensation insurance on themselves. Proof of insurance as described above in even-numbered years shall be submitted with the licensee's application for license renewal pursuant to Section 4(B) of this chapter.
3. Proof of products/completed operations liability insurance and workers' compensation insurance consists of a binder or certificate of insurance.