Texas Statutes (Last Updated: January 4, 2014) |
LABOR CODE |
Title 5. WORKERS' COMPENSATION |
Subtitle A. TEXAS WORKERS' COMPENSATION ACT |
Chapter 407A. GROUP SELF-INSURANCE COVERAGE |
Subchapter B. APPLICATION REQUIREMENTS FOR CERTIFICATE OF APPROVAL FOR SELF-INSURANCE GROUP |
Sec. 407A.055. PREMIUM REQUIREMENTS
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Each group must have an estimated premium subject to experience modifier of at least $250,000 during the group's first year of operation. Thereafter, the annual standard premium must be at least $500,000.
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.