Relating to construction contractor insurance coverage; declaring an emergency.
Catchline/Summary:
Replaces requirement that person licensed by Construction Contractors Board as exempt commercial contractor procure workers' compensation coverage with requirement that person make statement verifying workers' compensation coverage. Replaces requirement that person licensed by Construction Contractors Board as exempt commercial contractor procure workers' compensation coverage with requirement that person make statement verifying workers' compensation coverage. Allows person alternative of stating that person has procured and will maintain personal health insurance and personal disability insurance and that to best knowledge of person all other owners, partners, corporate officers or limited liability company managers or members of construction contractor have procured and will maintain personal health insurance and personal disability insurance.
Makes person knowingly providing false statement regarding insurance coverage subject to penalty of $6,250 fine, one year's imprisonment, or both.
Requires subject person holding license on effective date of Act to make initial filing of statement by July 1, 2012.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
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