(a)
(1) All home inspectors are required to carry general liability insurance.
(2) Coverage limits shall be not less than one hundred thousand dollars ($100,000).
(b) All policies and certificates shall provide that cancellation or renewal of the policy shall not be effective unless and until at least ten (10) days' notice of cancellation or nonrenewal has been received in writing by the Arkansas Home Inspector Registration Board.
(c) If the insurance coverage required under this subchapter shall cease to be effective, the insured home inspector shall be required to notify the board in writing, of any lapses in coverage.
(d)
(1) After notification, the registration of the affected home inspector shall be suspended until the insurance is reinstated or replaced.
(2) The suspension shall be noted on the home inspector's listing on the board's internet site.
Structure Arkansas Code
Title 17 - Professions, Occupations, and Businesses
Subtitle 2 - Nonmedical Professions
Subchapter 3 - Arkansas Home Inspectors Registration Act
§ 17-52-302. Purpose and intent
§ 17-52-304. Arkansas Home Inspector Registration Board — Creation — Members
§ 17-52-306. Powers and duties of the board
§ 17-52-307. Hearings — Review — Access to records
§ 17-52-308. Complaints and disciplinary procedures
§ 17-52-309. Violation of law — Civil penalties, injunctions, and venue
§ 17-52-310. Continuing education
§ 17-52-311. Role of Secretary of the Department of Labor and Licensing
§ 17-52-313. Disposition of funds
§ 17-52-315. Application for registration
§ 17-52-316. Fees and reimbursements
§ 17-52-317. Certificates of registration