For all new and renewal license applications, insurance amounts as required under ORS 701.073, 701.081, and 701.084, must be in one of the following amounts:

1. (1) Residential General Contractor — $500,000 per occurrence.
2. (2) Residential Specialty Contractor — $300,000 per occurrence.
3. (3) Residential Limited Contractor — $100,000 per occurrence.
4. (4) Residential Developer — $500,000 per occurrence.
5. (5) Residential Locksmith Services Contractor — $100,000 per occurrence.
6. (6) Home Inspector Services Contractor — $100,000 per occurrence.
7. (7) Home Services Contractor — $100, 000 per occurrence.
8. (8) Home Energy Performance Score Contractor — $100,000 per occurrence.
9. (9) Residential Restoration Contractor — $100,000 per occurrence.
10. (10) Commercial General Contractor Level 1 — $2,000,000 aggregate.
11. (11) Commercial Specialty Contractor Level 1 — $1,000,000 aggregate.
12. (12) Commercial General Contractor Level 2 — $1,000,000 aggregate.
13. (13) Commercial Specialty Contractor Level 2 — $500,000 per occurrence.
14. (14) Commercial Developer— $500,000 per occurrence.
15. (15) Construction Flagging Contractor — $500,000 per occurrence.

Statutory/Other Authority

ORS 670.310 & 701.235

Statutes/Other Implemented

ORS 701.073, 701.081, 701.084, 701.470 & 701.540

History

CCB 1-2017, f. 6-28-17, cert. ef. 7-1-17
CCB 2-2016, f. 12-29-16, cert. ef. 1-1-17
CCB 6-2013, f. 12-19-13, cert. ef. 1-1-14
CCB 5-2008, f. 2-29-08, cert. ef. 7-1-08