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(a) A contractor required to be licensed by the Residential Contractors Committee shall secure and maintain workers’ compensation coverage as required under § 11-9-401 et seq.
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(b) The committee shall require proof of current workers’ compensation coverage before issuing or renewing a license to a contractor who is required to have workers’ compensation coverage under § 11-9-401 et seq.
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(c) Unless otherwise required by law, a home improvement contractor required to be licensed under this subchapter shall not be required to secure the payment of workers’ compensation under § 11-9-401 et seq. or provide proof of coverage to the committee before issuing or receiving a license if the cost of the work done or to be done in the State of Arkansas by the home improvement contractor, including without limitation labor and materials, is less than fifty thousand dollars ($50,000).
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(d)
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(1) If a contractor fails to maintain workers’ compensation coverage or fails to maintain proof of current workers’ compensation coverage on file with the committee, the committee shall revoke the contractor’s license.
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(2) A contractor’s license that has been revoked due to failure to maintain workers’ compensation coverage may be reinstated upon receipt of proof that the contractor has secured workers’ compensation coverage.
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(e) The committee shall promulgate rules necessary to enforce this section.
