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 Texas Statutes (Last Updated: January 4, 2014)
 LABOR CODE
 Title 5. WORKERS' COMPENSATION
 Subtitle A. TEXAS WORKERS' COMPENSATION ACT
 Chapter 412. STATE OFFICE OF RISK MANAGEMENT  
 Subchapter B. OFFICE  

  Sec. 412.0123. ALLOCATION OF WORKERS' COMPENSATION AND RISK MANAGEMENT COSTS; RISK REWARD PROGRAM    

Latest version.

  • (a) as added by Acts 2001, 77th Leg., ch. 559, Sec. 1

    (a) The office shall establish an allocation program for the payment of workers' compensation claims and risk management services that are incurred by a state agency subject to Chapter 501.

    Text of subsec. (a) as added by Acts 2001, 77th Leg., ch. 1456, Sec. 14.01

    (a) The office shall establish a risk reward for the payment of workers' compensation claims and risk management services that are incurred by a state agency subject to Chapter 501.

    (b) The office shall establish a formula for allocating the state's workers' compensation costs among covered agencies based on the claims experience of each agency, the current and projected size of each agency's workforce, each agency's payroll, the related costs incurred in administering claims, and other factors that the office determines to be relevant. The agency may provide modifiers to the formula to promote the effective implementation of risk management programs by state agencies.

    (c) The board has final authority to determine the assessments to be paid by the covered agencies.

Text of subsec. (a) as added by Acts 2001, 77th Leg., ch. 559, Sec. 1 (a) The office shall establish an allocation program for the payment of workers' compensation claims and risk management services that are incurred by a state agency subject to Chapter 501. Text of subsec. (a) as added by Acts 2001, 77th Leg., ch. 1456, Sec. 14.01 (a) The office shall establish a risk reward for the payment of workers' compensation claims and risk management services that are incurred by a state agency subject to Chapter 501. (b) The office shall establish a formula for allocating the state's workers' compensation costs among covered agencies based on the claims experience of each agency, the current and projected size of each agency's workforce, each agency's payroll, the related costs incurred in administering claims, and other factors that the office determines to be relevant. The agency may provide modifiers to the formula to promote the effective implementation of risk management programs by state agencies. (c) The board has final authority to determine the assessments to be paid by the covered agencies. Added by 2001, 77th Leg., ch. 559, Sec. 1, eff. Sept. 1, 2001; Acts 2001, 77th Leg., ch. 1456, Sec. 14.01, eff. June 17, 2001.