1. An applicant for a contractor license or renewal of an active contractor license shall provide evidence of a public liabilityinsurance policy and surety bond in an amount determined sufficient by the board by rule. 2. If the applicant isengaged in plumbing, mechanical, HVAC, refrigeration, sheet metal, or hydronic work individually through a business conducted as a sole proprietorship, the applicant shall personally obtain the insurance and surety bond required by this section. If the applicant isengaged in the plumbing, mechanical, HVAC, refrigeration, sheet metal, or hydronic business as an employee or owner of a legal entity, then the insurance and surety bond required by this section shall be obtained by the entity and shall cover all plumbing or mechanical work performed by the entity. 3. The insurance and surety bond shall be written by an entity licensed to do business in this state and each licensed contractor shall maintain on filewith the board a certificate evidencing the insurance providing that the insurance or surety bond shall not be canceled without the entity firstgiving ten days’ written notice to the board. 77, §24, 36
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