2023 -- S 1042
========
LC002978
========
S TATE OF RHODE IS LAND
IN GENERAL ASSEMBLY
JANUARY SESSION, A.D. 2023
____________
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:
SECTION 1. Section 5-65-7 of the General Laws in Chapter 5-65 entitled "Contractors’ 1
Registration and Licensing Board" is hereby amended to read as follows: 2
5-65-7. Insurance required of contractors. 3
(a) Throughout the period of registration, the contractor shall have in effect errors and 4
omissions insurance, public liability and property damage insurance covering the work of that 5
contractor that shall be subject to this chapter in not less than the following amount: five hundred 6
thousand dollars ($500,000) combined single limit, bodily injury and property damage. 7
(b) In addition, all contractors shall have in effect workers’ compensation insurance as 8
required under chapter 29 of title 28. Failure to maintain required insurance shall not preclude 9
claims from being filed against a contractor. 10
(c) The contractor shall provide satisfactory evidence to the board at the time of registration 11
and renewal that the insurance required by subsections (a) and (b) of this section has been procured 12
and is in effect. Failure to maintain insurance shall invalidate registration and may result in a fine 13
to the registrant and/or suspension or revocation of the registration. 14
SECTION 2. This act shall take effect upon passage. 15
========
LC002978
========
LC002978 - Page 2 of 2
EXPLANATION
BY THE LEGISLATIVE COUNCIL
OF
A N A C T
RELATING TO BUSINESSES AND PROFESSIONS -- CONTRACTORS' REGISTRATION
AND LICENSING BOARD
***
This act would provide that contractors maintain errors and omissions insurance. 1
This act would take effect upon passage. 2
========
LC002978
========