Texas Labor Code - Section 406A.003. Formation Of Group
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§ 406A.003. FORMATION OF GROUP.
Text of section effective April 1, 2007
(a) On receipt of a certificate of approval issued by the
department under this chapter, two or more business entities or two
or more members of a trade association may join together to form a
group to purchase individual workers' compensation insurance
policies covering each member of the group.
(b) To be eligible to join a group, a business entity must:
(1) be engaged in a business pursuit that is the same
as or similar to the other business entities participating in the
group as determined by the department; or
(2) be a member of the same trade association as the
other business entities participating in the group.
Added by Acts 2005, 79th Leg., ch. 727, § 17, eff. April 1, 2007.
Section: 505.058 505.059 505.060 506.001 506.002 406A.001 406A.002 406A.003 406A.004 406A.005 406A.006 406A.007 406A.008 407A.001 407A.002
Last modified: August 10, 2007
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