A licensee with employees must maintain what insurance to keep the license valid?

Giải thích

B&P §7125 makes a current Certificate of Workers' Compensation Insurance or Certification of Self-Insurance a condition of issuing, renewing and keeping a license, and a licensee with employees has no way around it; §7125.2 enforces it by suspending the license automatically, by operation of law, on the date coverage lapses. (a) is a Vehicle Code financial-responsibility matter rather than a licensing condition. (c) is the $1,000,000 figure §7071.19 imposes on limited liability company licensees only. (d) is required of no licensee. Know the no-employee side too: under §7125 as amended by SB 1455 (Stats. 2024, ch. 485), a licensee with no employees may file an exemption statement unless it holds a C-8, C-20, C-22, C-39 or D-49 classification, and from January 1, 2028 that exemption is left only to a §7029 joint venture with no employees.