(a) A contractor must maintain general liability insurance at all times during a registration period to satisfy proof of financial responsibility of:
  (1) not less than $1,000,000 for each single occurrence of bodily injury or death; and
  (2) not less than $500,000 for each single occurrence of property damage.
(b) The general liability insurance must be written by an insurer authorized to engage in the business of insurance in Texas or an eligible surplus lines insurer, as defined by Insurance Code §981.002.
(c) A contractor applicant or registrant must file with the department a completed certificate of insurance or other evidence satisfactory to the department when applying for an initial registration, renewing a registration, changing a business name or affiliation, and upon request of the department.
(d) A contractor must furnish the name of the insurance carrier, the policy number, and the name, address, and telephone number of the insurance agent with whom the contractor is insured to any customer who requests it.
(e) A contractor applicant or registrant must obtain a general liability insurance policy that contains a provision or an endorsement that gives the department 30 days prior written notice of cancellation.
(f) As prescribed by Health and Safety Code §754.0112, a contractor that is an institution of higher education or who is an employee of an institution of higher education may provide written evidence of self-insurance to the department to satisfy the insurance requirements under this section.

Source Note: The provisions of this §74.40 adopted to be effective July 1, 2012, 37 TexReg 4590; amended to be effective November 15, 2013, 38 TexReg 7949