What consequence results from failing to maintain current insurance coverage as required by Texas Administrative Code?

Failing to maintain current insurance coverage as required by the Texas Administrative Code can lead to an immediate suspension of the license. This outcome reflects the importance of insurance coverage in the private security industry, as it serves to protect both the licensed individuals and the public. Maintaining current insurance demonstrates financial responsibility and compliance with regulatory requirements, which are crucial for ensuring the safety and security of operations within the private security sector.

When a license is suspended, it indicates that the DPS has lost confidence in the ability of the licensee to conduct business in accordance with state laws and regulations, further emphasizing the necessity of having the appropriate insurance coverage in place. This approach is designed to uphold the standards of the industry and ensure that all operating security companies maintain the safeguards needed to protect their clients and the communities they serve.