Oklahoma Administrative Code › Title 158 - Construction Industries Board › Chapter 40 - Electrical Industry Regulations › Subchapter 5 - Licensing Requirements, Display of License, and Firm Name, and Bond Requirements › Section 158:40-5-5 - Bond and insurance requirements

Current through Vol. 41, No. 20, July 1, 2024
(a) Each active electrical contractor must
				furnish a license bond in the amount of $5,000.00 to the Bonds and Insurance
				Unit. This bond is to be a continuous bond with a thirty (30)-day cancellation
				notice. Such bond shall be conditioned upon faithful and lawful performance of
				all work entered upon by the contractor within the State of Oklahoma and shall
				be for the benefit of persons injured or suffering financial loss by reason of
				failure of such performance. The bond will be filed with the Bonds and
				Insurance Unit of the Oklahoma Construction Industries Board and be in lieu of
				all other license bonds to any political subdivision.
(b) Each active electrical contractor must
				maintain insurance coverage and furnish and maintain in effect in the Bonds and
				Insurance Unit of the Oklahoma Construction Industries Board, Electrical
				Licensing Unit, a certificate of insurance therefore which indicates that the
				electrical contractor has a comprehensive general liability policy including
				manufacturers and contractors, completed operations, and independent
				contractors liability coverage. Limits of liability are to be no less than
				$50,000.00 combined single limit for bodily injury and property damage. The
				Construction Industries Board must be added to a electrical contractor's
				certificate of insurance as a certificate holder but not as an additional
				insured and with no additional cost. This is required in order for the
				Construction Industries Board to be notified in the event such liability policy
				is cancelled for any reason or expires for non-payment of premiums.
(c) Each active electrical contractor shall
				be aware of the requirements of Titles 85 and 85A of the Oklahoma Statutes
				(Workers' Compensation Acts and the Rules and Regulations of the Workers'
				Compensation Court of the State of Oklahoma), and indicate in the space
				provided on the application compliance therewith.
(d) Failure to provide the complete
				information with current bond and insurance certificate will result in an
				inactive electrical contractor's license being issued until such time as the
				requirements are met. Failure to maintain the bond and insurance in force, as
				required, will result in the issuance of an inactive license to said electrical
				contractor.
(e) Electrical
				contractors shall pay all fines and penalties imposed by penalty orders of the
				Board and fines and penalties imposed by courts of competent jurisdiction for
				the violation of municipal ordinances. The Board may seek payment through the
				surety bond of any fines or penalties which the licensee fails to
				pay.
(f) Exceptions. The bond and
				insurance requirement will be waived if the electrical contractor is employed
				by a corporation, partnership, public entity, or political subdivision and said
				corporation, partnership, public entity or political subdivision submits an
				affidavit on behalf of the contractor that the employee will only perform
				electrical work on property owned by said corporation, partnership, public
				entity, or political subdivision and the employer assumes all financial
				responsibility in lieu of the contractor providing bond and insurance. The
				affidavit must include a statement by the employer that the Board will be
				notified if the contractor is no longer employed by said employer, or if the
				employer no longer wishes to assume financial responsibility for the
				contractor.
Added at 19 Ok Reg 726,
				  eff 1-22-02 (emergency); Added at 19 Ok Reg 1269, eff 5-28-02; Amended at 21 Ok
				  Reg 765, eff 4-26-04; Added at 22 Ok Reg 1060, eff 5-26-05; Amended at 25 Ok
				  Reg 1859, eff 6-26-08