Michigan Administrative Code
Department - Labor and Economic Opportunity
Bureau of Services for Blind Persons
Vending Facility Program Rules
Section R. 393.25 - Licensee insurance requirements
Universal Citation: MI Admin Code R. 393.25
Current through Vol. 24-16, September 15, 2024
Rule 25. A licensee shall do both of the following:
(a) Obtain general comprehensive liability insurance. A licensee shall comply with the general comprehensive liability insurance requirement by satisfying either of the following provisions:
(i) Purchasing a policy independently and
providing the commission with a certificate of insurance showing the dates of
coverage. The commission shall be named on the certificate of insurance to
assure its notification if coverage is cancelled or lapses.
(ii) Purchasing liability insurance through
the commission. Rates are dependent upon gross sales. A licensee shall be
notified annually of his or her specific multiplier, as established by the
commission board, with the active participation of the committee, used to
calculate the monthly payment. Payment shall be made on a monthly basis and
recorded on the monthly vending facility report.
(b) Carry workers' disability compensation insurance pursuant to state law and R 393.24(1)(m). The commission shall be named on the certificate of insurance to document that the licensee has coverage and to ensure that the commission is notified if coverage is canceled or lapses.
Disclaimer: These regulations may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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