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(a)When an applicant for a license issued under Texas Occupations Code, Chapter 1102 (Chapter 1102), has met all other licensing requirements, the commission shall notify the applicant that the applicant must provide proof of professional liability insurance, or any other insurance that provides coverage for violations of Subchapter G of Texas Occupations Code, Chapter 1102, before the license will be issued. (b)An inspector must maintain professional liability insurance coverage, or any other insurance that provides coverage for violations of Subchapter G of Chapter 1102, during the period the license is active. (c)The applicant must provide proof of insurance on Certificate of Insurance form REI 8-0 signed by the applicant's insurance agent. (d)An inspector must notify the commission within 10 days of the cancellation or non-renewal of professional liability insurance coverage, or any other insurance that provides coverage for violations of Subchapter G of Chapter 1102. (e)An inspector must retain sufficient records of professional liability insurance coverage, or any other insurance that provides coverage for violations of Subchapter G of Chapter 1102, to document to the commission continuous coverage for the preceding two year license period. (f)The requirement that an inspector carry professional liability insurance or any other insurance that provides coverage for violations of Subchapter G of Chapter 1102 does not require coverage for violations wherein providing such insurance coverage would be as against public policy.
This agency hereby certifies that the proposal
has been reviewed by legal counsel and found to be within the agency's
legal authority to adopt.
Filed with the Office
of the Secretary of State on October 15, 2007
TRD-200704873 Loretta R. DeHay
General Counsel and Assistant Administrator
Texas Real Estate Commission
Earliest possible date of adoption: November 25, 2007
For further information, please call: (512) 465-3900
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