A Michigan contractor's license expires on June 30th. The contractor submits a renewal application on July 15th with all required documentation and fees. What is the status of the contractor's license?
Correct Answer
B) Expired and must reapply as new applicant
Michigan contractor licenses that are not renewed by the expiration date are considered expired, and the contractor must reapply as a new applicant rather than renew.
Why This Is the Correct Answer
Michigan contractor licenses that are not renewed by the expiration date are considered expired, and the contractor must reapply as a new applicant rather than renew.
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A Michigan contractor's workers' compensation policy has a $2,500 deductible. An employee injury results in $8,000 in medical costs. How much will the contractor pay out of pocket?