What action must an insurance provider take if they wish to terminate their liability?

An insurance provider must provide at least 10 days' notice to the department if they wish to terminate their liability. This requirement is in place to ensure that the regulatory body has adequate time to process the termination and assess any implications it may have on the licensee’s ability to operate legally. The notice serves as an official communication that allows the department to maintain oversight and ensure that all involved parties are informed of any changes in insurance status.

This time frame aids in protecting both the license holders and the public by ensuring that licensees aren't allowed to operate without the necessary liability coverage. The specified notification period helps mitigate risks associated with sudden lapses in coverage that could expose clients and the public to potential harm or loss.

While other options mention various forms of notification or different timeframes, they do not align with the established requirements expected by the Texas Department of Public Safety's Private Security Bureau. It's crucial for insurance providers to adhere closely to these regulations to maintain compliance and uphold the integrity of the security industry.