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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 10. PROPERTY AND CASUALTY INSURANCE |
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Subtitle E. WORKERS' COMPENSATION INSURANCE |
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Chapter 2053. RATES FOR WORKERS' COMPENSATION INSURANCE |
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Subchapter E. OPTIONAL DEDUCTIBLE PLANS |
Sec. 2053.202. ESTABLISHMENT OF OPTIONAL DEDUCTIBLE PLANS
Latest version.
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(a) The department shall require each insurance company writing workers' compensation insurance in this state to offer at least three optional deductible plans adopted under this section that allow a policyholder to self-insure for the amount of the deductible.
(b) The commissioner by rule shall allow an employer to enter into an agreement with an insurer for a negotiated deductible that exceeds the highest deductible available under a plan described by Subsection (a).
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 2, eff. April 1, 2007.