(a) To be licensed as a home inspector, an applicant shall meet the requirements set forth in G.S. 143-151.51(b) including general liability insurance that meets the following requirements:
- (1) The general liability insurance policy shall cover the licensee's activities performed during the course of a home inspection on the premises of the home inspection; and
- (2) The general liability insurance policy shall include coverage for both property damage and bodily injury coverage.
- (b) The amount of the surety bond required in G.S. 143-151.51(b) shall be at least five thousand dollars ($5,000). Any surety bond shall be written by a surety company that is authorized by the Commissioner of Insurance to do business in this State.
- (c) Each licensed home inspector shall annually submit, during the month of January, a certificate of insurance evidencing the general liability insurance required by G.S. 143-151.58(b) and Paragraph (a) of this Rule. The Board shall be listed as the certificate holder on the certificate of insurance. Failure to timely submit the required certificate of insurance shall constitute grounds for disciplinary action.
History Note: Authority G.S. 143-151.49(a)(13); 143-151.51; 143-151.56(a)(8); 143-151.58(b);
Codifier determined that agency findings did not meet criteria for temporary rule Eff. October 15, 1996;
Temporary Adoption Eff. October 24, 1996;
Eff. July 1, 1998;
Amended Eff. October 1, 2011;
Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. January 9, 2018;
Amended Eff. June 1, 2026.