Current through September 2, 2024
Section 18.08.02.015 - FINANCIAL RESPONSIBILITY01.Bonding.a. Each FPS Contractor and applicant for an FPS Contractor's license will put up at least a two thousand dollars ($2,000) bond in favor of the state of Idaho by a surety company authorized to do business in Idaho.b. The bond exists until the State Fire Marshal releases it or the surety cancels it. Without prejudicing liability previously incurred, the surety may cancel the bond with thirty (30) days advance notice to the contractor and State Fire Marshal.02.Insurance. Before the FPS Contractor license issues, the applicant will obtain a full-term comprehensive general liability insurance policy from an insurance company authorized to do business in Idaho. The policy will have aggregate limits of at least two hundred fifty thousand dollars ($250,000) and include provisions as requested by the SFM.Idaho Admin. Code r. 18.08.02.015