Section 16-77-55 - Conditions for renewal of license(a) No license shall be renewed until the licensee continues to meet the requirements of sections 444-11, 444-11.1, and 444-17, HRS, and of this chapter including, but not limited to, proof of financial integrity.(b) To establish financial integrity, the licensee shall submit: (1) A current state tax clearance or proof of payment arrangement, and a statement disclosing or denying the existence of any liens, undisputed debts or judgments against the licensee relating to services or materials rendered in connection with operations as a contractor; and(2) Proof that the licensee has continuously maintained workers' compensation insurance, is authorized to act as a self-insurer under chapter 386, HRS, or is excluded from the requirements of chapter 386, HRS;(3) Proof that liability and property damage insurance has been maintained in the following amounts: | Bodily injury | $100,000 each person |
| $300,000 each occurrence |
| Property damage | $ 50,000 each occurrence; and |
(4) Proof that any surety bond imposed by the board is current.(c) The board may, at the time of renewal, consider any material submitted to it concerning a licensee's financial integrity and shall give the licensee an opportunity to respond before the board to any allegations made concerning the licensee's financial integrity.(d) The board may refer any allegations concerning a licensee's lack of financial integrity for a hearing conducted pursuant to chapter 91, HRS.[Eff 8/14/80; am and ren § 16-77-55, 6/22/81; am and comp 11/7/83; am and comp 4/14/88; am and comp 12/9/02; comp 4/15/04] (Auth: HRS § 444-4) (Imp: HRS §§ 444-11, 444-11.1, 444-15, 444-17)