S1042

	2023 -- S 1042
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	LC002978
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	STATE OF RHODE ISLAND
	IN GENERAL ASSEMBLY
	JANUARY SESSION, A.D. 2023
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	A N A C T
	RELATING TO BUSINESSES AND PROFESSIONS -- CONTRACTORS' REGISTRATION
	AND LICENSING BOARD

	Introduced By: Senators LaMountain, F. Lombardi, and McKenney
	Date Introduced: May 19, 2023
	Referred To: Senate Judiciary
	It is enacted by the General Assembly as follows:
1	SECTION 1. Section 5-65-7 of the General Laws in Chapter 5-65 entitled "Contractors’
2	Registration and Licensing Board" is hereby amended to read as follows:
3	5-65-7. Insurance required of contractors.
4	(a) Throughout the period of registration, the contractor shall have in effect errors and
5	omissions insurance, public liability and property damage insurance covering the work of that
6	contractor that shall be subject to this chapter in not less than the following amount: five hundred
7	thousand dollars ($500,000) combined single limit, bodily injury and property damage.
8	(b) In addition, all contractors shall have in effect workers’ compensation insurance as
9	required under chapter 29 of title 28. Failure to maintain required insurance shall not preclude
10	claims from being filed against a contractor.
11	(c) The contractor shall provide satisfactory evidence to the board at the time of registration
12	and renewal that the insurance required by subsections (a) and (b) of this section has been procured
13	and is in effect. Failure to maintain insurance shall invalidate registration and may result in a fine
14	to the registrant and/or suspension or revocation of the registration.
15	SECTION 2. This act shall take effect upon passage.
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	LC002978
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	EXPLANATION
	BY THE LEGISLATIVE COUNCIL
	OF
	A N A C T
	RELATING TO BUSINESSES AND PROFESSIONS -- CONTRACTORS' REGISTRATION
	AND LICENSING BOARD
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1	This act would provide that contractors maintain errors and omissions insurance.
2	This act would take effect upon passage.
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	LC002978
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	LC002978 - Page 2 of 2