Texas Register
TITLE 22 EXAMINING BOARDS
PART 23TEXAS REAL ESTATE COMMISSION
CHAPTER 535GENERAL PROVISIONS
SUBCHAPTER RREAL ESTATE INSPECTORS
RULE §535.211Professional Liability Insurance, Bond or Any Other Security [Insurance] that Provides Coverage for Violations of Subchapter G of Chapter 1102
ISSUE 08/25/2017
ACTION Proposed
Rule Withdrawn: 02/26/2018
Preamble Texas Admin Code Rule
(a)(No change.)

(b)An inspector must maintain financial responsibility with the minimum coverage limits required by §1102.1141. An inspector may maintain financial responsibility in excess of the minimum coverage limits required in §1102.1141. Any provision in an insurance policy, including a defense within limits provision, also known as a wasting clause or eroding limits provision, that reduces the minimum coverage limits below the limits required in §1102.1141 violates this section and Chapter 1102 [during the period the license is active].

(c) - (f)(No change.)

The agency certifies that legal counsel has reviewed the proposal and found it to be within the state agency's legal authority to adopt.

Filed with the Office of the Secretary of State on August 11, 2017

TRD-201703117

Kristen Worman

Deputy General Counsel

Texas Real Estate Commission

Earliest possible date of adoption: September 24, 2017

For further information, please call: (512) 936-3093

 

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