Louisiana SB326 amends regulations for the State Licensing Board for Contractors, including penalties, insurance requirements, and exemptions.

Louisiana SB326 amends the regulations for the State Licensing Board for Contractors by increasing the minimum liability insurance requirement for contractors from $100,000 to $500,000. It also allows the board to retain 4% of collected fines and penalties as an administrative fee. The bill retains the prohibition on contractors entering into agreements for remediation without providing a good faith estimate of costs. It further prohibits the board from approving continuing education courses provided by board members or their affiliated entities.

Louisiana SB326 amends regulations for the State Licensing Board for Contractors, including penalties, insurance requirements, and exemptions.

Louisiana SB326 amends the regulations for the State Licensing Board for Contractors by increasing the minimum liability insurance requirement for contractors from $100,000 to $500,000. It also allows the board to retain 4% of collected fines and penalties as an administrative fee. The bill retains the prohibition on contractors entering into agreements for remediation without providing a good faith estimate of costs. It further prohibits the board from approving continuing education courses provided by board members or their affiliated entities.