EstatePass
mi-businessMichigan Business Managementmedium

Under LARA regulations, how often must a Michigan contractor update their insurance information with the state?

Correct Answer

C) When insurance changes or upon renewal

LARA requires contractors to update insurance information whenever there are changes to coverage or upon license renewal.

Answer Options
A
Every 6 months
B
Only when initially applying for license
C
When insurance changes or upon renewal
D
Annually

Why This Is the Correct Answer

LARA requires contractors to update insurance information whenever there are changes to coverage or upon license renewal.

Was this explanation helpful?

More mi-business Questions

People Also Study

Related Study Resources

Practice More Contractor Exam Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your Florida General Contractor exam.

Start Practicing

Disclaimer: EstatePass is an independent exam preparation platform and is not affiliated with, endorsed by, or connected to any state contractor licensing board, the Construction Industry Licensing Board (CILB), the Department of Business and Professional Regulation (DBPR), NASCLA, Pearson VUE, PSI, or any government agency. Exam requirements, fees, and regulations change frequently. Always verify current requirements with your state's licensing board before making decisions. Information shown was last verified on the dates indicated and may not reflect the most recent changes.