Tex. Ins. Code § 2055.003

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

Section 2055.003 - Formation of Group

(a) On receipt of a certificate of approval issued by the department under this chapter, two or more business entities or two or more members of a trade association may join together to form a group to purchase individual workers' compensation insurance policies covering each member of the group.

(b) To be eligible to join a group, a business entity must:

(1) be engaged in a business pursuit that is the same as or similar to the other business entities participating in the group as determined by the department; or

(2) be a member of the same trade association as the other business entities participating in the group.

Tex. Ins. Code § 2055.003

Redesignated from Labor Code, Section 406A.003 by Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 3B.0591(a)(2), eff. 9/1/2007.

Redesignated from Labor Code, Section 406A.003 by Acts 2007, 80th Leg., R.S., Ch. 921, Sec. 9.0591(a)(2), eff. 9/1/2007.

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 17, eff. 4/1/2007.