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2006 Minnesota Statutes
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Chapter 326
Section 326.94
Topics
Recent History
- 2008 Subd. 2 Amended 2008 c 337 s 40
- 2008 Subd. 2 Amended 2008 c 322 s 7
- 2007 326.94 Amended 2007 c 140 art 8 s 20
- 2007 Subd. 2 Amended 2007 c 9 s 1
- 1999 Subd. 2 Amended 1999 c 137 s 9
This is an historical version of this statute chapter. Also view the most recent published version.
326.94 BOND; INSURANCE.
Subdivision 1. Bond. (a) Licensed manufactured home installers and licensed roofers must
post a license bond with the commissioner, conditioned that the applicant shall faithfully perform
the duties and in all things comply with all laws, ordinances, and rules pertaining to the license
or permit applied for and all contracts entered into. The annual bond must be continuous and
maintained for so long as the licensee remains licensed. The aggregate liability of the surety on
the bond to any and all persons, regardless of the number of claims made against the bond, may
not exceed the amount of the bond. The bond may be canceled as to future liability by the surety
upon 30 days' written notice mailed to the commissioner by regular mail.
(b) A licensed roofer must post a bond of at least $5,000.
Subd. 2. Insurance. Licensees must have public liability insurance with limits of at least
$100,000 per occurrence, which must include at least $10,000 property damage coverage. The
insurance must be written by an insurer licensed to do business in this state. The commissioner
may increase the minimum amount of insurance required for any licensee or class of licensees if
the commissioner considers it to be in the public interest and necessary to protect the interests
of Minnesota consumers.
History: 1991 c 306 s 18; 1993 c 245 s 32; 1999 c 137 s 9
Subdivision 1. Bond. (a) Licensed manufactured home installers and licensed roofers must
post a license bond with the commissioner, conditioned that the applicant shall faithfully perform
the duties and in all things comply with all laws, ordinances, and rules pertaining to the license
or permit applied for and all contracts entered into. The annual bond must be continuous and
maintained for so long as the licensee remains licensed. The aggregate liability of the surety on
the bond to any and all persons, regardless of the number of claims made against the bond, may
not exceed the amount of the bond. The bond may be canceled as to future liability by the surety
upon 30 days' written notice mailed to the commissioner by regular mail.
(b) A licensed roofer must post a bond of at least $5,000.
Subd. 2. Insurance. Licensees must have public liability insurance with limits of at least
$100,000 per occurrence, which must include at least $10,000 property damage coverage. The
insurance must be written by an insurer licensed to do business in this state. The commissioner
may increase the minimum amount of insurance required for any licensee or class of licensees if
the commissioner considers it to be in the public interest and necessary to protect the interests
of Minnesota consumers.
History: 1991 c 306 s 18; 1993 c 245 s 32; 1999 c 137 s 9
Official Publication of the State of Minnesota
Revisor of Statutes