Sec. 407.063. PREMIUM REQUIREMENTS. (a) In addition to meeting the other certification requirements imposed under this chapter, an applicant for an initial certificate of authority to self-insure must present evidence satisfactory to the commissioner of a total unmodified workers' compensation insurance premium in this state in the calendar year of application of at least $500,000.
(b) Instead of the state premium required under this section, the applicant may present evidence of a total unmodified national workers' compensation insurance premium of at least $10 million.
(c) Expired.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.052, eff. September 1, 2005.
Structure Texas Statutes
Title 5 - Workers' Compensation
Subtitle A - Texas Workers' Compensation Act
Chapter 407 - Self-Insurance Regulation
Subchapter D. Requirements for Certificate of Authority
Section 407.061. General Requirements
Section 407.062. Financial Strength and Liquidity Requirements
Section 407.063. Premium Requirements
Section 407.064. General Security Requirements
Section 407.065. Specific Security Requirements
Section 407.066. Effect of Dispute
Section 407.067. Excess Insurance; Reinsurance; Administrative Violation