Each applicant for a permit shall submit to the Commission as part of the permit application:
  (1) a certificate issued by an insurance company authorized to do business in Texas. The amount, duration, form, conditions and terms of this insurance shall conform to §12.311 of this title (relating to Terms and Conditions for Liability Insurance); or
  (2) evidence that it satisfies applicable state or federal self-insurance requirements and that self-insurance for liability is otherwise consistent with §12.311 of this title (relating to Terms and Conditions for Liability Insurance).

Source Note: The provisions of this §12.302 adopted to be effective April 7, 1997, 22 TexReg 3093.