Maryland Statutes
Part III - Elevator Safety Review Board
Section 12-836 - Insurance Requirements

(a)    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)    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)    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)    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.

Structure Maryland Statutes