Sec. 2053.051. HAZARD CLASSIFICATION SYSTEM

Latest version.

(a) For workers' compensation insurance, the department shall:
(1) determine hazards by class; and
(2) establish classification relativities applicable to an employer's payroll in each of the classes at levels adequate to the risks to which the relativities apply.
(b) The classification relativities established under Subsection (a)(2):
(1) must be designed to encourage safety;
(2) may be territorially based; and
(3) may reflect a difference in losses between employers of high wage earners and employers of low wage earners within the same class.
(c) The department shall revise the classification system at least once every five years.

Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.

                    
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