Section 0780-05-12-.13 - Insurance(1) All licensees, except those In Inactive status, are required to maintain and provide satisfactory proof of a current certificate of general liability insurance In the amount of at least five hundred thousand dollars ($500,000.00) and a current certificate of errors and omissions insurance to cover all home inspection activities contemplated under T.C.A. § 62-6-301. The State of Tennessee shall be named as the certificate holder on the insurance documentation provided by the insurance carrier.(2) Licensees shall notify the Board within thirty (30) days of any change to the insurance policy. Including but not limited to the expiration or termination of a policy, changes In Insurance carrier, term of policy, or coverage dates.Tenn. Comp. R. & Regs. 0780-05-12-.13
Original rule filed August 6, 2014; effective 11/4/2014.Authority: T.C.A. §§ 62-6-303 and 62-6-308 [effective July 1, 2006]; Public Chapter No. 230 and Chapter 65 of the Public Acts of 2005, §§ 4, 6, 11, and 12.