Texas Labor Code - Section 406A.007. Group Discount
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§ 406A.007. GROUP DISCOUNT.
Text of section effective April 1, 2007
(a) A group that purchases a policy under this chapter is
entitled to any premium or volume discount that would be applicable
to a policy of the combined premium amount.
(b) A group shall apportion any discount or policyholder
dividend received on workers' compensation insurance coverage
among the members of the group according to a formula adopted in the
plan of operation for the group.
Added by Acts 2005, 79th Leg., ch. 727, § 17, eff. April 1, 2007.
Section: 506.002 406A.001 406A.002 406A.003 406A.004 406A.005 406A.006 406A.007 406A.008 407A.001 407A.002 407A.003 407A.004 407A.005 407A.006
Last modified: August 10, 2007
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