Tex. Ins. Code Section 2055.007
Group Discount

(a)

A group that purchases a policy under this chapter is entitled to any premium or volume discount that would be applicable to a policy of the combined premium amount.

(b)

A group shall apportion any discount or policyholder dividend received on workers’ compensation insurance coverage among the members of the group according to a formula adopted in the plan of operation for the group.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 17, eff. April 1, 2007.
Redesignated from Labor Code, Section 406A.007 by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.0591(a)(2), eff. September 1, 2007.
Redesignated from Labor Code, Section 406A.007 by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.0591(a)(2), eff. September 1, 2007.

Source: Section 2055.007 — Group Discount, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­2055.­htm#2055.­007 (accessed May 18, 2024).

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Accessed:
May 18, 2024

§ 2055.007’s source at texas​.gov