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Texas Insurance Code - INS § 4151.254. Agreements Between Administrators and Employers

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

(a) In addition to the contract required by Section 4151.253, an administrator may also enter into a contract with an employer in connection with workers' compensation benefits for collecting premium or contributions, adjusting claims, or settling claims, including an employer purchasing a policy authorized under Section 2053.202(b).

(b) A contract entered into under Subsection (a) must provide that:

(1) the contract does not limit or modify in any way:

(A) the insurance carrier's authority or responsibility, including financial responsibility, to comply with each statutory or regulatory requirement; and

(B) the provisions of the contract entered into between the administrator and the insurance carrier under Section 4151.253; 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 § 4151.254. Agreements Between Administrators and Employers - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-4151-254/

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