§12.5–205.

    (a)    Each licensed locksmith shall maintain general liability insurance:

        (1)    in the amount of at least $300,000;

        (2)    with coverage appropriate for the individual’s circumstances; and

        (3)    in accordance with the regulations adopted by the Secretary under this section.

    (b)    A licensee shall give the Secretary notice of the cancellation of insurance at least 10 days before the effective date of the cancellation.