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Texas Statutes (Last Updated: January 4, 2014) |
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OCCUPATIONS CODE |
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Title 10. OCCUPATIONS RELATED TO LAW ENFORCEMENT AND SECURITY |
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Chapter 1702. PRIVATE SECURITY |
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Subchapter F. LICENSING AND DUTIES OF INVESTIGATIONS COMPANIES AND SECURITY SERVICES CONTRACTORS |
Sec. 1702.123. INSURANCE; BOND
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(a) A license holder shall maintain on file with the board at all times the surety bond and certificate of insurance required by this chapter.
(b) The board shall immediately suspend the license of a license holder who violates Subsection (a).
(c) The board may rescind the license suspension if the license holder provides proof to the board that the bond or the insurance coverage is still in effect. The license holder must provide the proof in a form satisfactory to the board not later than the 10th day after the date the license is suspended.
(d) After suspension of the license, the board may not reinstate the license until an application, in the form prescribed by the board, is filed accompanied by a proper bond, insurance certificate, or both. The board may deny the application notwithstanding the applicant's compliance with this section:
(1) for a reason that would justify suspending, revoking, or denying a license; or
(2) if, during the suspension, the applicant performs a practice for which a license is required.