(a)When an applicant for a license issued under [Texas Occupations Code,] Chapter 1102 [(Chapter 1102),] has met all other licensing requirements, the Commission [ 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)(No change.) (c)The applicant must provide proof of insurance using a Certificate of Insurance form approved by the Commission [ commission] and signed by the applicant's insurance agent, or any other proof of insurance acceptable to the Commission [ commission]. (d)An inspector must notify the Commission [ 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 [commission] continuous coverage for the preceding two year license period. (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 25, 2014
TRD-201404049 Kerri Lewis
General Counsel
Texas Real Estate Commission
Earliest possible date of adoption: October 5, 2014
For further information, please call: (512) 936-3092
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