Section 408.42a. Notice of insurance; specified construction site insurance policy.

Rule 12a. If an  insurance   policy  is  issued  to  cover  a  specified construction site where the cost of the construction will be more than $65,000,000.00 and the contemplated completion period will be 5  years  or less, then the insurers shall notify the bureau on a form 400a, insurer’s notice of issuance of specific risk policy, of  the date upon which the employer became subject to the specific insurance policy. If the employer is a partnership, then the notice shall state the names and addresses of all the partners. If the employer is doing business under an assumed name, then the notice shall state the assumed name and the names of the parties  doing business under the assumed name. If the employer is a corporation doing business through a number of divisions, then the notice shall state the name of the employer and the divisions that are covered under the specific risk policy. The specific risk carrier shall notify the bureau when the specific risk carrier receives a change of address for the employer.

History: 1980 AACS; 1998-2000 AACS.