(a) The department shall immediately suspend the license of a license holder who fails to maintain on file with the department at all times the certificate of insurance required by the Act.
(b) The department may rescind the license suspension if the license holder provides proof to the department that the insurance coverage is still in effect. The license holder must provide the proof in a form satisfactory to the department not later than the 10th day after the date the license is suspended.
(c) After suspension of the license for a period of more than 10 days, the department may not reinstate the license until a new application for licensure is filed accompanied by a proper insurance certificate. The department may deny the application notwithstanding the applicant's submission of proof of insurance:
  (1) for a reason that would justify suspending, revoking, or denying a license; or
  (2) if, during the suspension, the applicant performed a practice for which a license is required, except as provided by subsection (d) of this section.
(d) If the suspended license has not expired, a license holder may continue to monitor under an existing alarm contract or contract to monitor under an existing alarm contract for 30 days after the date of suspension of the person's license.

Source Note: The provisions of this §140.47 adopted to be effective February 1, 2007, 32 TexReg 314