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Texas Insurance Code - INS § 2051.153. Liability of Policyholder for Additional Premium

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) If a policyholder commits an administrative violation under Section 2051.152 and obtains workers' compensation insurance coverage at a premium that is less than the premium that would have been charged if the policyholder had not committed the administrative violation, the policyholder is liable to the insurer for:

(1) the difference between the premium due and the premium actually charged;  and

(2) reasonable interest and attorney's fees.

(b) For the purposes of this section, “insurer” includes the Texas Mutual Insurance Company.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2051.153. Liability of Policyholder for Additional Premium - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2051-153/

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