The bill amends the existing law regarding insurance requirements for licensed home inspectors in Arkansas. It specifies that a home inspector is required to carry general liability insurance for the inspections they perform, with coverage limits set at a minimum of $100,000. This change replaces the previous language that stated "All home inspectors are" with "A home inspector is."

Additionally, the bill introduces a new requirement for the Insurance Commissioner to review and approve insurance policies issued to home inspectors. This ensures that the policies adequately cover any errors made by the inspectors during their home inspections. These amendments aim to enhance the accountability and protection for both home inspectors and their clients.

Statutes affected:
Old version HB1625 Original - 2-27-2025 04:09 PM: 17-52-318(a)
Old version HB1625 V2 - 3-13-2025 10:35 AM: 17-52-318(a)
HB 1625: 17-52-318(a)