Minnesota § 326B.86 BOND; INSURANCE

Minnesota Statutes

§ 326B.86 — BOND; INSURANCE

Minnesota § 326B.86

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 326BCONSTRUCTION CODES AND LICENSING

This text of Minnesota § 326B.86 (BOND; INSURANCE) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 326B.86 (2026).

Text

Subdivision 1.Bond.

(a)Licensed manufactured home installers and licensed residential roofers must give and maintain a bond to the state. The bond must comply with section326B.0921.

(b)A licensed residential roofer must post a bond with a penal sum of at least $15,000.

(c)A licensed manufactured home installer must post a bond with a penal sum of at least $2,500. Bonds issued under sections326B.802to326B.885are not state bonds or contracts for purposes of sections8.05and16C.05, subdivision 2. Subd. 2.Insurance. Each licensee shall have and maintain in effect commercial general liability insurance, which includes premises and operations insurance and products and completed operations insurance, with limits of at least $100,000 per occurrence, $300,000 aggregate limit for bodily injury,

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Subdivision 1.Bond.
(a) Licensed manufactured home installers and licensed residential roofers must give and maintain a bond to the state. The bond must comply with section326B.0921.
(b) A licensed residential roofer must post a bond with a penal sum of at least $15,000.
(c) A licensed manufactured home installer must post a bond with a penal sum of at least $2,500.
Bonds issued under sections326B.802to326B.885are not state bonds or contracts for purposes of sections8.05and16C.05, subdivision 2.

Subd. 2.Insurance.
Each licensee shall have and maintain in effect commercial general liability insurance, which includes premises and operations insurance and products and completed operations insurance, with limits of at least $100,000 per occurrence, $300,000 aggregate limit for bodily injury, and property damage insurance with limits of at least $25,000 or a policy with a single limit for bodily injury and property damage of $300,000 per occurrence and $300,000 aggregate limits. The insurance must be written by an insurer licensed to do business in this state. Each licensee shall maintain on file with the commissioner a certificate evidencing the insurance. In the event of a policy cancellation, the insurer shall send written notice to the commissioner at the same time that a cancellation request is received from or a notice is sent to the insured. The commissioner may increase the minimum amount of insurance required for any licensee or class of licensees if the commissioner considers it to be in the public interest and necessary to protect the interests of Minnesota consumers.

Legislative History

1991 c 306 s 18;1993 c 245 s 32;1999 c 137 s 9;2007 c 9 s 1;2007 c 140 art 8 s 20,30; art 13 s 4;2008 c 322 s 7;2008 c 337 s 40,65;2009 c 78 art 5 s 22;2010 c 347 art 3 s 47,76;2010 c 384 s 90; 2010 c 385 s 6;2015 c 54 art 1 s 21