1.  The Administrator shall require each applicant for an original certificate or license and each applicant for renewal of a certificate or license to submit proof that the applicant or his or her employer holds a policy of insurance covering:

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(a) Liability for errors or omissions in an amount of not less than $100,000; and

(b) General liability in an amount of not less than $100,000.

2.  Each certified inspector, energy auditor or his or her employer shall maintain a policy of insurance that complies with the requirements of subsection 1.