Which of the following is NOT a requirement for maintaining a Michigan contractor license under LARA regulations?
Correct Answer
A) Monthly financial reporting
Monthly financial reporting is not required for Michigan contractor license maintenance. The other options are all required under LARA regulations.
Why This Is the Correct Answer
Monthly financial reporting is not required for Michigan contractor license maintenance. The other options are all required under LARA regulations.
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Previous Question
A contractor receives a complaint filed with LARA regarding defective work. The contractor has insurance coverage of $500,000 general liability and $100,000 professional liability. The claim is for $75,000 in damages. Which insurance policy would primarily respond to this claim?
Next Question
A subcontractor completed work worth $25,000 on March 15th but was not paid by the general contractor. Under Michigan lien law, what is the last day to file a construction lien if the project was substantially completed on April 30th?