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Current as of January 01, 2023 | Updated by Findlaw Staff
(1) A residential general contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $20,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $500,000; and
(c) Have a responsible managing individual who meets the requirements of ORS 701.091.
(2) A residential specialty contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $15,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount not less than $300,000; and
(c) Have a responsible managing individual who meets the requirements of ORS 701.091.
(3) A residential limited contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $10,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount not less than $100,000; and
(c) Have a responsible managing individual who meets the requirements of ORS 701.091.
(4) A residential developer shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $20,000; and
(b) Obtain general liability insurance under ORS 701.073 in an amount not less than $500,000.
(5) A residential locksmith services contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $10,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and
(c) Have a responsible managing individual for the business who is certified as a locksmith under ORS 701.485.
(6) A home inspector services contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $10,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and
(c) Have a responsible managing individual for the business who is certified as a home inspector under ORS 701.445.
(7) A home services contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $10,000; and
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000.
(8) A home energy performance score contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $10,000;
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000; and
(c) Have an owner or employee that is certified by the board as a home energy assessor.
(9) A residential restoration contractor shall:
(a) Obtain a surety bond under ORS 701.068 in the amount of $10,000; and
(b) Obtain general liability insurance under ORS 701.073 in an amount of not less than $100,000.
Cite this article: FindLaw.com - Oregon Revised Statutes Occupations and Professions § 701.081 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-52-occupations-and-professions/or-rev-st-sect-701-081/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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