Texas Labor Code - Section 407A.054. Excess Insurance Requirements
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§ 407A.054. EXCESS INSURANCE REQUIREMENTS. (a) To obtain
an initial certificate of approval and to be eligible to renew its
certificate of approval, each group must comply with the excess
insurance requirements adopted under this section.
(b) Each group shall obtain specific excess insurance for
losses that exceed the group's retention in a form prescribed by the
commissioner. The commissioner may establish minimum requirements
for the amount of specific excess insurance based on differences
among groups in size, types of employment, years in existence, and
other relevant factors.
Added by Acts 2003, 78th Leg., ch. 275, § 1, eff. Sept. 1, 2003.
Section: 407A.005 407A.006 407A.007 407A.008 407A.051 407A.052 407A.053 407A.054 407A.055 407A.056 407A.057 407A.101 407A.151 407A.152 407A.153
Last modified: August 10, 2007
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