Here is what TREC (I assume TREC Legal) has posted on the TREC website concerning the AG's Opinion. It is saying what Jerry said. I'll try to post that portion referred to.
Updated Nov. 26, 2007 OAG Opinion on Home Inspector Liability Insurance - Attorney General Greg Abbott issued opinion number
GA-0581 regarding liability insurance requirements for home inspectors under Texas Occupations Code Chapter 1102. The opinion clarifies that the insurance requirement does not apply to intentional acts, such as fraud. No legal opinion was expressed as to whether the law requires a general liability policy, an errors and omissions policy, or both because the nature of the coverage is a matter of the policy language, which is contractual in nature; the title or name of a particular policy is not controlling. The opinion concludes that regardless of the name of the policy, the insurance must protect the public against negligence or incompetence in violation of chapter 1102, subchapter G.