Texas Insurance Code - INS § 2053.001. Definitions

(1) “Filer” means an insurance company that files rates, prospective loss costs, or supplementary rating information under this subchapter.

(2) “Insurance company” means a person authorized to engage in the business of workers' compensation insurance in this state.  The term includes:

(2-a) “Premium” means the amount charged for a workers' compensation insurance policy, including any endorsements, after the application of individual risk variations based on loss or expense considerations.

(3) “Prospective loss cost” means that portion of a rate that:

(4) “Rate” means the cost of workers' compensation insurance per exposure unit, whether expressed as a single number or as a prospective loss cost, adjusted to account for the treatment of expenses, profit, and individual insurance company variation in loss experience, before applying individual risk variations based on loss or expense considerations.  The term does not include a minimum premium.

(5) “Supplementary rating information” means any manual, rating plan or schedule, plan of rules, rating rule, classification system, territory code or description, or other similar information required to determine the applicable premium for an insured.  The term includes increased limits factors, deductible relativities, and other similar factors and relativities.

(6) “Supporting information” means: