View Single Post
  #7 (permalink)  
Old 11-26-2007, 06:20 PM
JB Thompson JB Thompson is offline
Member
 
Join Date: May 2007
Location: Tyler, TX
Posts: 287
Re: Texas Atty. General Renders Opinion about Liability Insurance
Quote:
Originally Posted by Jerry Peck View Post
To my knowledge, *neither* GL nor E&O applies to "intentional" acts, both apply to unintentional acts.


This, however ...



... could include GL and E&O as "negligence and incompetence" would apply to 'an accident in which you damaged/broke something at the seller's home' (GL) or 'something which you missed for your buyer' (E&O). Right?

Exactly. The question from the commission about the insurance requirement being unenforceable led the AG to discuss the negligent aspect of it. We may be incompetent but not intentionally (my personal favorite).

The rest of the waist-high marshy, gobbeldy-gook basically states we should have E&O. Apparently the insurance-selling representative from Plano who tacked this very vague, few-worded amendment on at the last minute knew what he was doing after all.

Bruce
Reply With Quote