Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.08.02 - FIRE PROTECTION SPRINKLER CONTRACTORS
Section 18.08.02.015 - FINANCIAL RESPONSIBILITY
Universal Citation: ID Admin Code 18.08.02.015
Current through August 31, 2023
01. Bonding. (3-28-23)
a. Each FPS
Contractor and applicant for an FPS Contractor's license will put up at least a
two thousand dollars ($2,000) bond in favor of the state of Idaho by a surety
company authorized to do business in Idaho. (3-28-23)
b. The bond exists until the State Fire
Marshal releases it or the surety cancels it. Without prejudicing liability
previously incurred, the surety may cancel the bond with thirty (30) days
advance notice to the contractor and State Fire Marshal.
(3-28-23)
02. Insurance. Before the FPS Contractor license issues, the applicant will obtain a full-term comprehensive general liability insurance policy from an insurance company authorized to do business in Idaho. The policy will have aggregate limits of at least two hundred fifty thousand dollars ($250,000) and include provisions as requested by the SFM. (3-28-23)
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