2005 Texas Insurance Code CHAPTER 2052. POLICY PROVISIONS AND FORMS FOR WORKERS\' COMPENSATION INSURANCE

INSURANCE CODE

CHAPTER 2052. POLICY PROVISIONS AND FORMS FOR WORKERS' COMPENSATION 
INSURANCE


	§ 2052.001. DEFINITION.  In this chapter, "insurance 
company" means 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.

Added by Acts 2005, 79th Leg., ch. 727, § 2, eff. April 1, 2007.           


	§ 2052.002. STANDARD POLICY FORMS AND UNIFORM POLICY;  
EXCEPTIONS.  (a) The commissioner shall prescribe standard policy 
forms and a uniform policy for workers' compensation insurance.
	(b)  In writing workers' compensation insurance in this 
state, an insurance company may not use a form other than one 
prescribed under this section unless the form is an endorsement:
		(1)  appropriate to the company's plan of operation;  
and                   
		(2)  submitted to and approved by the department.                             

Added by Acts 2005, 79th Leg., ch. 727, § 2, eff. April 1, 2007.           


	§ 2052.003. AGREEMENT REQUIRED TO BE CONTAINED IN 
APPLICATION AND POLICY.  (a) A contract or other agreement with 
respect to workers' compensation insurance coverage that is not 
contained in the application and policy required by this chapter 
violates this subtitle and is void.
	(b)  An insurance company that uses a contract or other 
agreement described by Subsection (a) engages in conduct that 
constitutes sufficient grounds for the revocation of the company's 
certificate of authority to write workers' compensation insurance 
in this state.

Added by Acts 2005, 79th Leg., ch. 727, § 2, eff. April 1, 2007.           


	§ 2052.004. POLICYHOLDER DIVIDENDS.  (a) Subject to 
Subsections (b) and (c), this subtitle and Article 5.66 may not be 
construed to prohibit an insurance company, including the Texas 
Mutual Insurance Company, from issuing participating policies.
	(b)  A policyholder dividend under a workers' compensation 
insurance policy: 
		(1)  does not take effect until approved by the 
department;  and            
		(2)  may not be approved by the department until the 
insurance company provides adequate reserves.
	(c)  For purposes of Subsection (b), reserves must be 
computed on the same basis for all classes of insurance companies 
operating under this subtitle and Article 5.66.

Added by Acts 2005, 79th Leg., ch. 727, § 2, eff. April 1, 2007.