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Texas Insurance Code - INS § 981.0033. Industrial Insured Defined

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

For purposes of this chapter, “industrial insured” means a person who purchases commercial insurance and, at the time of placement:

(1) employs or retains a qualified risk manager to negotiate insurance coverage; and

(2) either:

(A) has paid aggregate nationwide commercial property and casualty insurance premiums of more than $25,000 in the immediately preceding 12 months; or

(B) employs at least 25 full-time employees.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 981.0033. Industrial Insured Defined - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-981-0033/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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