| (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(e) The suspension may be rescinded upon receipt by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.
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