Sec. 409.0232. TIMELINESS OF PAYMENTS. An insurance carrier is considered to have paid benefits in a timely manner if a payment:
(1) is made by electronic funds transfer and is deposited in the employee's account on or before the benefit payment due date;
(2) is made by mail and is mailed in time for the payment to be postmarked on or before the benefit payment due date; or
(3) is to be picked up by the employee and the payment is made available to the employee during regular business hours not later than the opening of business on the benefit payment due date.
Added by Acts 1999, 76th Leg., ch. 690, Sec. 1, eff. June 18, 1999.
Section: Previous 409.005 409.006 409.007 409.008 409.009 409.0091 409.010 409.011 409.012 409.013 409.021 409.022 409.023 409.0231 409.0232Last modified: September 28, 2016