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Texas Insurance Code - INS § 4151.253. Agreements Between Administrators and Carriers

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

 (a) An administrator shall enter into a contract in connection with workers' compensation benefits for collecting premium or contributions, adjusting claims, or settling claims with the insurance carrier responsible for those claims, including the insurance carrier responsible for claims arising under policies authorized under Section 2053.202(b).  A contract required by this subsection may be in the form of a master services agreement.

(b) A contract required by Subsection (a) must provide that:

(1) the contract does not limit in any way the insurance carrier's authority or responsibility, including financial responsibility, to comply with each statutory or regulatory requirement;  and

(2) the administrator shall comply with each statutory or regulatory requirement relating to a function assumed by or carried out by the administrator.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 4151.253. Agreements Between Administrators and Carriers - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4151-253/

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