SECTION 420:10-1-18. Insurance requirements  


Latest version.
  •   Insurance pursuant to the provisions of this section shall be maintained in full force and effect during the operation of the business for which the coverage was issued. Except as otherwise provided for in this section, no registration permit shall be issued until said certificate is filed with the Administrator. No insurance coverage shall be canceled or terminated without thirty (30) days prior written notice of cancellation or termination to the Administrator. The following are the minimum insurance requirements for LP Gas permit holders licensed by the State of Oklahoma.
    (1)   Class I - Dealer Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $1,000,000 per occurrence; $1,000,000 aggregate.
    (B)   Motor vehicle insurance must meet State and Federal requirements.
    (C)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (2)   Class II - Truck Transporter Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $1,000,000 per occurrence; $1,000,000 aggregate.
    (B)   Motor vehicle insurance must meet State and Federal requirements.
    (C)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (3)   Class III - DOT Cylinder Transporter Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $1,000,000 per occurrence; $1,000,000 aggregate.
    (B)   Motor vehicle insurance must meet State and Federal requirements.
    (C)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (4)   Class IV - Installer Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $50,000 per occurrence; $50,000 aggregate.
    (B)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (5)   Class IV-D - Driver/Installer Permit. The Class IV-D permit is only issued in conjunction with the Class I permit; therefore, the insurance coverage of the Class I permit holder will cover the Class IV-D permit holder.
    (6)   Class VI - DOT Cylinder &/or LP Gas Motor Fuel Station Operation Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $100,000 per occurrence; $100,000 aggregate.
    (B)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (7)   Class VI-A - LP Gas Dispensing Permit. The Class VI-A permit is only issued in conjunction with the Class I, II, III, VI and/or VII permit; therefore, the insurance coverage of the Class I, II, III, VI and/or VII permit holder will cover the Class VI-A permit holder.
    (8)   Class VII - Cylinder Exchange Program Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $25,000 per occurrence; $25,000 aggregate.
    (B)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (9)   Class IX - LP Gas Container Sales Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $25,000 per occurrence; $25,000 aggregate. This insurance coverage is only necessary when the permit holder engages in manufacturing and/or installing LP Gas containers.
    (B)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (10)   Class IX-A - Manufactured Homes and Recreation Sales Permit.
    (A)   General liability, Bodily Injury, Property Damage, including products and completed operations liability coverage shall be obtained as follows: $25,000 per occurrence; $25,000 aggregate. This insurance coverage is only necessary when the permit holder engages in manufacturing, fabrication or installation of LP Gas systems.
    (B)   Workers' compensation insurance shall be obtained as required by Oklahoma State statutes.
    (11)   Class X - Manager's Permit. The Class X permit is only issued in conjunction with the Class I permit; therefore, the insurance coverage of the Class I permit holder will cover the Class X permit holder.
[Source: Amended at 12 Ok Reg 2819, eff 7-13-95; Amended at 33 Ok Reg 941, eff 8-25-16; Amended at 35 Ok Reg 1798, eff 9-14-18]