Sec. 407A.055. PREMIUM REQUIREMENTS. 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.
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