Sec. 407A.052. ISSUANCE OF CERTIFICATE OF APPROVAL; REFUSAL. (a) The commissioner shall issue a certificate of approval to a proposed group on finding that the group has met the requirements of this subchapter.
(b) If the commissioner determines that a proposed group has not satisfied the requirements under this subchapter for a certificate of approval, the commissioner shall issue an order refusing the certificate. The order must set forth the reasons for the refusal.
(c) On issuance of the certificate of approval, the group is authorized to provide workers' compensation benefits.
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.
Structure Texas Statutes
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
Section 407A.051. Application for Initial Certificate of Approval; Approval Requirements
Section 407A.052. Issuance of Certificate of Approval; Refusal
Section 407A.053. Financial Requirements
Section 407A.054. Excess Insurance Requirements
Section 407A.055. Premium Requirements