HAR §16-77-55. Conditions for renewal of license

(a) No license shall be renewed until the licensee continues to meet the requirements of sections 444-11, 444-11.1, and 444-17, HRS, and of this chapter including, but not limited to, proof of financial integrity. (b) To establish financial integrity, the licensee shall submit: (1) A current state tax clearance or proof of payment arrangement, and a statement disclosing or denying the existence of any liens, undisputed debts or judgments against the licensee relating to services or materials rendered in connection with operations as a contractor; and (2) Proof that the licensee has continuously maintained workers' compensation insurance, is authorized to act as a self-insurer under chapter 386, HRS, or is excluded from the requirements of chapter 386, HRS; (3) Proof that liability and property damage insurance has been maintained in the following amounts: Bodily injury $100,000 each person $300,000 each occurrence Property damage $ 50,000 each occurrence; and (4) Proof that any surety bond imposed by the board is current. (c) The board may, at the time of renewal, consider any material submitted to it concerning a licensee's financial integrity and shall give the licensee an opportunity to respond before the board to any allegations made concerning the licensee's financial integrity. (d) The board may refer any allegations concerning a licensee's lack of financial integrity for a hearing conducted pursuant to chapter 91, HRS. [Eff 77-21 §16-77-55 8/14/80; am and ren §16-77-55, 6/22/81; am and comp 11/7/83; am and comp 4/14/88; am and comp 12/9/02; comp 4/15/04] (Auth: HRS §444-4) (Imp: HRS §§444-11, 444-11.1, 444-15, 444-17)