50-60-716. Insurance requirements. (1) Each licensed elevator contractor and licensed elevator inspector shall provide the department with a certified copy of an insurance policy issued by an insurance company authorized to do business in this state that provides at least $1 million coverage for injury or death for any number of persons in any single occurrence and $500,000 for property damage in any single occurrence.
(2) A licensed elevator contractor or licensed elevator inspector shall notify the department of any material policy alteration or policy cancellation within 10 days of receiving notice of the alteration or cancellation.
History: En. Sec. 21, Ch. 303, L. 2005.
Structure Montana Code Annotated
Chapter 60. Building Construction Standards
Part 7. Elevators and Other Conveyances
50-60-705. Authority of department -- rulemaking
50-60-706. Registration of elevators and other conveyances
50-60-707. and 50-60-708 reserved
50-60-711. Inspections -- fees -- exception
50-60-712. through 50-60-714 reserved
50-60-716. Insurance requirements