(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(e) The suspension may be rescinded upon receipt by the department of proof that there was no lapse in coverage.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.
Source Note: The provisions of this §35.27 adopted to be effective May 6, 2014, 39 TexReg 3606