It shall be the responsibility of the septic tank and overflow contractor to furnish
to the department of codes administration a permit bond in the amount of forty thousand
dollars, conditioned to conform to the requirements of this chapter and all applicable
laws, ordinances, rules, and regulations of the metropolitan government relating to
work which is performed by the principal pursuant to a permit issued under this bond,
or for work performed by the principal for which a permit should have been obtained
prior to the commencement of such activity; and to indemnify the metropolitan government
and property owners against any and all loss suffered by them by reason of the failure
of such contractor to comply with such laws, ordinances, rules and regulations. Such
bond shall be continuous and may not be canceled without at least ten days' prior
notice, in writing, to the director of codes administration. The liability of the
surety shall continue to attach to work performed pursuant to any permit issued prior
to the termination date of the bond even if the noncomplying act should occur after
the termination date of the bond. The liability of the surety for any and all claims,
suits or actions under this bond shall not exceed the bond penalty of forty thousand
dollars. Regardless of the number of years this bond may remain in force, the liability
of the surety shall not be cumulative and the aggregate liability of the surety for
any and all claims, suits or actions under this bond shall not exceed forty thousand
dollars. The bond shall be issued by a U.S. Treasury-listed corporate surety or a
Tennessee domestic insurance company on forms provided by the department of codes
administration.
B.
It shall be the responsibility of the septic tank and overflow contractor to furnish
to the department of codes administration a certificate of general liability insurance
issued by a Tennessee-licensed company which provides a minimum of three hundred thousand
dollars per occurrence combined single limits for bodily injury and property damage
coverage. The certification of insurance must be submitted prior to renewal of the
metropolitan contractor's certificate holder annual renewal. The insurance may not
be canceled without at least thirty days' prior notice, in writing, to the director
of codes administration.
(Ord. 94-1226 § 3, 1994)
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