(b) Requirements.

1. (1) All policies and certificates shall provide that cancellation or renewal of the policy shall not be effective unless and until at least ten (10) days’ notice of cancellation or nonrenewal has been received in writing by the State Board of Appraisers, Abstracters, and Home Inspectors.
2. (2) The registered home inspector may add the board as a certificate holder but not as an additional insured and with no additional cost to ensure board notification in the event such liability policy is cancelled for any reason or expires for nonpayment of premiums.
3. (3) The registered home inspector shall provide the certificate of insurance to the board at the time of initial registration, at the time of renewal of registration, and any other time necessary to ensure the board has the most current and effective certificate of insurance.

4. (4)

   1. (A) It is the responsibility of the registered home inspector to notify the board in writing of any lapses in coverage, including but not limited to the expiration of current coverage or cancellation of the current policy.
   2. (B)

(i) The board may mail or send electronically a renewal reminder if the certificate of insurance on file with the board reflects that the policy has expired.

1. (ii) However, neither failure of the board to send such a reminder nor the registered home inspector’s failure to receive such a notice shall excuse the requirement of the registered home inspector to maintain a current policy on file with the board.

   1. (c) Failure to maintain liability insurance. Failure on the part of the registered home inspector to maintain liability insurance and provide proof of insurance to the board shall result in the registration of the affected home inspector being suspended until the insurance is reinstated or replaced.