Louisiana Administrative Code
Title 46 - PROFESSIONAL AND OCCUPATIONAL STANDARDS
Part XXIX - Contractors
Chapter 7 - Enforcement and Hearings
Section XXIX-705 - Failure to Insure or Bond
Current through Register Vol. 50, No. 9, September 20, 2024
A. Any person required to be licensed by the board that bids a project requiring a bid bond, the posting of a bond for the project, or certificates of insurance evidencing mandated coverage and fails to provide such valid bonds or coverage when due shall be in violation of this Act and these rules and regulations.
B. Upon being awarded a bid, the person licensed shall not cancel, or otherwise fail to maintain the required insurance coverage or bonding as required in the bid proposal.
C. Any person who violates the provisions of this Section may be subject to disciplinary action by the board including suspension and revocation of the contractor's licenses, and fines and administrative costs.
AUTHORITY NOTE: Promulgated in accordance with R.S. 37:2150-2165.