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Texas Insurance Code - INS § 2055.007. Group Discount

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

(a) A group that purchases a policy under this chapter is entitled to any premium or volume discount that would be applicable to a policy of the combined premium amount.

(b) A group shall apportion any discount or policyholder dividend received on workers' compensation insurance coverage among the members of the group according to a formula adopted in the plan of operation for the group.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2055.007. Group Discount - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2055-007/

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