Tex. Ins. Code § 2053.051

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2053.051 - Hazard Classification System

(a) For workers' compensation insurance, the department shall:

(1) determine hazards by class; and

(2) revise the classification system as necessary to carry out the purposes of this chapter.

(b) A stock company, mutual insurance company, reciprocal or interinsurance exchange, or Lloyd's plan authorized to engage in the business of workers' compensation insurance in this state may not use hazard classifications other than the classifications established by the department.

Tex. Ins. Code § 2053.051

Amended by Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 558,Sec. 3, eff. 9/1/2019.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 2, eff. 4/1/2007.

See Acts 2019, Texas Acts of the 86th Leg.- Regular Session, ch. 558, Sec. 7.