16 Tex. Admin. Code § 74.40 - Contractor Insurance Requirements
(a) A
contractor must maintain general liability insurance at all times during a
registration period to satisfy proof of financial responsibility of:
(1) not less than $1,000,000 for each single
occurrence of bodily injury or death; and
(2) not less than $500,000 for each single
occurrence of property damage.
(b) The general liability insurance must be
written by an insurer authorized to engage in the business of insurance in
Texas or an eligible surplus lines insurer, as defined by Insurance Code §
981.002.
(c) A contractor applicant or registrant must
file with the department a completed certificate of insurance or other evidence
satisfactory to the department when applying for an initial registration,
renewing a registration, changing a business name or affiliation, and upon
request of the department.
(d) A
contractor must furnish the name of the insurance carrier, the policy number,
and the name, address, and telephone number of the insurance agent with whom
the contractor is insured to any customer who requests it.
(e) A contractor applicant or registrant must
obtain a general liability insurance policy that contains a provision or an
endorsement that gives the department 30 days prior written notice of
cancellation.
(f) As prescribed by
Health and Safety Code §
754.0112, a
contractor that is an institution of higher education or who is an employee of
an institution of higher education may provide written evidence of
self-insurance to the department to satisfy the insurance requirements under
this section.
Notes
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