Texas Workers' Compensation

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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 (H.B. 7), § 3.051, eff. September 1, 2005.

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At a Glance:

Title:

§ 407.062. Financial Strength And Liquidity Requirements

Code:

Labor Code

Status:

Current

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