(A) A license may not be issued unless the applicant files with the department evidence of a policy of comprehensive general liability insurance providing the minimum coverage of one hundred thousand dollars due to bodily injury, death, or destruction of property as the result of the negligent act or acts of the principal insured.
(B) Fire sprinkler contractor employees are not required to obtain a certificate of comprehensive general liability insurance.
(C) A licensee shall notify the department upon the cancellation by a licensee of its policy of liability insurance or the cancellation by the insurance carrier of the licensee's policy of insurance within ten days of the cancellation date. The cancellation does not affect any liability on the policy that accrued before cancellation. The license must be revoked if the licensee fails to obtain a new policy within sixty days of cancellation.
(D)(1) Upon failure of the licensee to notify the department of cancellation of his liability insurance, the license may be revoked and may not be reinstated until a proper insurance certificate has been submitted to the department for approval. If a new liability insurance policy is not obtained within sixty days of the cancellation, the person seeking licensure shall submit an initial application.
(2) The policy must be purchased from an insurer licensed by the Department of Insurance to do business in this State.
(3) The South Carolina Contractors' Licensing Board must be named as the certificate holder.
HISTORY: 2005 Act No. 177, Section 1.
Structure South Carolina Code of Laws
Title 40 - Professions and Occupations
Chapter 10 - Fire Protection Sprinkler Systems Act
Section 40-10-05. Application of Chapter 1; conflicts.
Section 40-10-10. Administration of act.
Section 40-10-20. Definitions.
Section 40-10-41. Licensing requirements.
Section 40-10-42. Renewal of license.
Section 40-10-44. Grandfathered primary qualifying parties.
Section 40-10-45. Prohibited activities.
Section 40-10-50. Fees; lapsed licenses; expiration date.
Section 40-10-60. Promulgation of rules and regulations.
Section 40-10-70. Powers and duties; complaints.
Section 40-10-80. Investigation of complaints.
Section 40-10-90. Presentation of results of investigation; conduct of hearing.
Section 40-10-100. Cease and desist orders; administrative penalties; appeals.
Section 40-10-120. Disciplinary actions in another state or federal jurisdiction.
Section 40-10-130. Basis for refusal to issue license.
Section 40-10-140. Denial of license on basis of prior criminal record.
Section 40-10-150. Voluntary surrender of license.
Section 40-10-165. Licensing of former licensee who left State with unpaid debts.
Section 40-10-170. Investigation and prosecution costs.
Section 40-10-180. Collection of costs and fees.
Section 40-10-190. Confidentiality.
Section 40-10-200. Unauthorized practice; penalty; violations of chapter.
Section 40-10-210. Injunctive relief.
Section 40-10-220. Actions to enforce contract.
Section 40-10-230. Contractors or persons to whom chapter not applicable.
Section 40-10-240. Building code compliance.
Section 40-10-260. Shop drawings; contents and review; certificates of occupancy.
Section 40-10-270. Comprehensive general liability insurance requirement.
Section 40-10-280. Local authority; determination of compliance with chapter.