Or. Admin. Code § 812-003-0221

Current through Register Vol. 63, No. 10, October 1, 2024

Section 812-003-0221 - Insurance Amounts

For all new and renewal license applications, insurance amounts as required under ORS 701.073, 701.081, and 701.084, must be in one of the following amounts:

(1) Residential General Contractor - $500,000 per occurrence.

(2) Residential Specialty Contractor - $300,000 per occurrence.

(3) Residential Limited Contractor - $100,000 per occurrence.

(4) Residential Developer - $500,000 per occurrence.

(5) Residential Locksmith Services Contractor - $100,000 per occurrence.

(6) Home Inspector Services Contractor - $100,000 per occurrence.

(7) Home Services Contractor - $100,000 per occurrence.

(8) Home Energy Performance Score Contractor - $100,000 per occurrence.

(9) Residential Restoration Contractor - $100,000 per occurrence.

(10) Commercial General Contractor Level 1 - $2,000,000 aggregate.

(11) Commercial Specialty Contractor Level 1 - $1,000,000 aggregate.

(12) Commercial General Contractor Level 2 - $1,000,000 aggregate.

(13) Commercial Specialty Contractor Level 2 - $500,000 per occurrence.

(14) Commercial Developer- $500,000 per occurrence.

(15) Construction Flagging Contractor - $500,000 per occurrence.

Or. Admin. Code § 812-003-0221

CCB 5-2008, f. 2-29-08, cert. ef. 7-1-08; CCB 6-2013, f. 12-19-13, cert. ef. 1-1-14; CCB 2-2016, f. 12-29-16, cert. ef. 1/1/2017; CCB 1-2017, f. 6-28-17, cert. ef. 7/1/2017

Stat. Auth.: ORS 670.310 & 701.235

Stats. Implemented: ORS 701.073, 701.081, 701.084, 701.470& 701.540