Tex. Labor Code Section 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, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.051, eff. September 1, 2005.

Source: Section 407.062 — Financial Strength and Liquidity Requirements, https://statutes.­capitol.­texas.­gov/Docs/LA/htm/LA.­407.­htm#407.­062 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 407.062’s source at texas​.gov