§ 347.40 — Insurance required

347.40. - Insurance required.

No license or renewal shall be granted until the applicant shall first have filed with the licensing official an insurance policy or certificate thereof issued by an insurance company authorized to do business in the State of Minnesota, insuring said applicant for at least one hundred thousand dollars ($100,000.00) against liability for bodily injuries or death of any person not covered by workmen's compensation law, for at least three hundred thousand dollars ($300,000.00) against liability for bodily injuries or death to more than one (1) person from one (1) accident, and for at least one hundred thousand dollars ($100,000.00) against liability for damage to or destruction of property in connection with or by reason of any type of tree servicing. Said policy shall provide that it may not be canceled by the insurer except after thirty (30) days' written notice to the licensing official, and if such insurance is so canceled and the licensee shall fail to replace the same with another policy conforming to the provisions of this chapter, said license shall be automatically suspended until such insurance shall have been replaced. In addition, each license applicant shall also supply a certificate of insurance of workmen's compensation when such insurance is required by state statute. (Code 1960, As Amend., § 348.030; 76-Or-156, § 1, 9-10-76; 77-Or-227, § 5, 11-10-77; 2007-Or-056, § 4, 8-3-07; 2013-Or-214, § 3, 12-6-13)