37 Tex. Admin. Code § 35.27 - Insurance
(a) To comply with the Act's requirements
relating to documentary evidence of insurance coverage, the documents submitted
to the department must specifically show:
(1)
That the insurance is applicable to the conduct for which the licensee is
licensed;
(2) The exclusions or
endorsements specific to the activity for which the licensee is licensed, or
that there are no such exclusions or endorsements; and
(3) The statutory minimum coverage limits,
specifically distinguishing the limits for:
(A) Each occurrence of bodily injury and
property damage;
(B) Each
occurrence of personal injury; and
(C) The total aggregate amount of coverage
for all occurrences.
(b) The applicant or licensee must also
provide the department with the insurance agent's current contact information
and Texas license number.
(c) Proof
of insurance must be submitted in a form and manner prescribed by the
department.
(d) Pursuant to the
Act, failure to maintain on file with the department evidence of current
insurance coverage as required under this chapter will result in immediate
suspension of the license. The suspension will become effective upon receipt of
the notice.
(e) The suspension may
be rescinded upon receipt by the department of proof that there was no lapse in
coverage. Such proof must be submitted within ten (10) business days following
the effective date of the suspension.
(f) In the event of a lapse in coverage, or
the failure to provide evidence of continuous coverage within ten (10) business
days, the license will not be reinstated until a complete application for
reinstatement is submitted and approved. The application may be denied on
grounds that the licensee has violated the Act or this chapter, including
having provided regulated services while suspended pursuant to the
Act.
Notes
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