(1) No person, firm, or corporation shall practice heating, ventilation, and air conditioning contracting unless that person, firm, or corporation maintains general liability insurance in an amount not less than five hundred thousand dollars ($500,000) and property damage insurance in an amount not less than three hundred thousand dollars ($300,000) underwritten by an insurance carrier licensed and approved by the Kentucky Department of Insurance.
(2) Proof of insurance shall be submitted to the department prior to issuance or renewal of a license.

Terms Used In Kentucky Statutes 198B.668

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Department: means the Department of Housing, Buildings and Construction. See Kentucky Statutes 198B.010

(3) Proof of insurance, as required by subsection (1) of this section, shall exempt licensees from the requirement of obtaining separate insurance in local jurisdictions under any local licensing laws.
(4) No license shall be valid without the insurance required by this section.
Insurance carriers shall notify the department upon cancellation of the insurance of any licensee required to maintain insurance.
Effective:June 29, 2017
History: Amended 2017 Ky. Acts ch. 169, sec. 54, effective June 29, 2017. — Amended 2010 Ky. Acts ch. 24, sec. 296, effective July 15, 2010. — Created
1994 Ky. Acts ch. 59, sec. 10, effective July 15, 1994.

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