Texas Labor Code

§ 407.062 — FINANCIAL STRENGTH AND LIQUIDITY REQUIREMENTS

LA § 407.062Title 5. WORKERS' COMPENSATION · Part A. TEXAS WORKERS' COMPENSATION ACT · Ch. 407. SELF-INSURANCE REGULATION · Art. D. REQUIREMENTS FOR CERTIFICATE OF AUTHORITY

Statute text

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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;

…

Legislative history

Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.051, eff. September 1, 2005.