Under Michigan Act 299, what happens if a licensed contractor fails to maintain required insurance coverage?
Correct Answer
A) The license may be suspended or revoked
Under Michigan Act 299, failure to maintain required insurance coverage can result in license suspension or revocation.
Why This Is the Correct Answer
Under Michigan Act 299, failure to maintain required insurance coverage can result in license suspension or revocation.
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Under Michigan Act 299, which violation would result in immediate license suspension?
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A Michigan contractor completes a $45,000 kitchen renovation project. The homeowner fails to pay the final $8,500 invoice. Under Michigan's Construction Lien Act 497, what is the maximum lien amount the contractor can claim?