Tex. Ins. Code § 981.0033

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

Section 981.0033 - Industrial Insured Defined

For purposes of this chapter, "industrial insured" means a person who purchases commercial insurance and, at the time of placement:

(1) employs or retains a qualified risk manager to negotiate insurance coverage; and

(2) either:

(A) has paid aggregate nationwide commercial property and casualty insurance premiums of more than $25,000 in the immediately preceding 12 months; or

(B) employs at least 25 full-time employees.

Tex. Ins. Code § 981.0033

Added by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 92,Sec. 1, eff. 9/1/2017, op. only to an insurance policy delivered, issued for delivery, or renewed on or after 1/1/2018.