| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 85R9839 BEE-F | |
| 2 | 2 | By: Anchia H.B. No. 3450 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the insurance requirement applicable to a guard company | |
| 8 | 8 | license. | |
| 9 | 9 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 10 | 10 | SECTION 1. Section 1702.124, Occupations Code, is amended | |
| 11 | 11 | by amending Subsection (c) and adding Subsection (c-1) to read as | |
| 12 | 12 | follows: | |
| 13 | 13 | (c) Except as provided by Subsection (c-1), the [The] | |
| 14 | 14 | insurance policy must contain minimum limits of: | |
| 15 | 15 | (1) $100,000 for each occurrence for bodily injury and | |
| 16 | 16 | property damage; | |
| 17 | 17 | (2) $50,000 for each occurrence for personal injury; | |
| 18 | 18 | and | |
| 19 | 19 | (3) a total aggregate amount of $200,000 for all | |
| 20 | 20 | occurrences. | |
| 21 | 21 | (c-1) If the application is for a license to act as a guard | |
| 22 | 22 | company, the insurance policy must contain minimum limits of: | |
| 23 | 23 | (1) $1 million for each occurrence for bodily injury | |
| 24 | 24 | and property damage; | |
| 25 | 25 | (2) $1 million for each occurrence for personal | |
| 26 | 26 | injury; and | |
| 27 | 27 | (3) a total aggregate amount of $2 million for all | |
| 28 | 28 | occurrences. | |
| 29 | 29 | SECTION 2. The change in law made by this Act applies only | |
| 30 | 30 | to an applicant for or holder of a license under Chapter 1702, | |
| 31 | 31 | Occupations Code, on or after January 1, 2018. | |
| 32 | 32 | SECTION 3. This Act takes effect September 1, 2017. |