Texas Labor Code - Section 407.062. Financial Strength And Liquidity Requirements
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§ 407.062. FINANCIAL STRENGTH AND LIQUIDITY
REQUIREMENTS. In assessing the financial strength and liquidity
of an applicant, the commissioner shall consider:
(1) the applicant's organizational structure and
management background;
(2) the applicant's profit and loss history;
(3) the applicant's compensation loss history;
(4) the source and reliability of the financial
information submitted by the applicant;
(5) the number of employees affected by
self-insurance;
(6) the applicant's access to excess insurance
markets;
(7) financial ratios, indexes, or other financial
measures that the commissioner finds appropriate; and
(8) any other information considered appropriate by
the commissioner.
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 2005, 79th Leg., ch. 265, § 3.051, eff. Sept. 1, 2005.
Section: 407.042 407.043 407.044 407.045 407.046 407.047 407.061 407.062 407.063 407.064 407.065 407.066 407.067 407.068 407.081
Last modified: August 10, 2007
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