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Old 11-26-2007, 03:00 PM
JB Thompson JB Thompson is offline
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Join Date: May 2007
Location: Tyler, TX
Posts: 287
Re: Texas Atty. General Renders Opinion about Liability Insurance
Here's the summary. From what I am understanding, the original is vague enough; but the word "intentional" will indicate that we should have E&O.

Thoughts?

S U M M A R Y
The Eightieth Legislature amended Occupations Code sections 1102.114 and 1102.203 to require liability insurance coverage for persons applying for a real estate inspector's license or renewal of such license. The insurance must have a minimum limit of $100,000 per occurrence to protect the public against negligence or incompetence in violation of chapter 1102, subchapter G. The insurance requirement does not apply to intentional acts.
If a real estate inspector has more than one insurance policy applicable to the same occurrence, a combined coverage of $100,000 for that occurrence under all policies would comply with section 1102.114(c).
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