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Current as of January 01, 2024 | Updated by Findlaw Staff
In assessing the financial strength and liquidity of an applicant, the commissioner shall consider:
(1) the applicant's organizational structure and management background;
(2) the applicant's profit and loss history;
(3) the applicant's compensation loss history;
(4) the source and reliability of the financial information submitted by the applicant;
(5) the number of employees affected by self-insurance;
(6) the applicant's access to excess insurance markets;
(7) financial ratios, indexes, or other financial measures that the commissioner finds appropriate; and
(8) any other information considered appropriate by the commissioner.
Cite this article: FindLaw.com - Texas Labor Code - LAB § 407.062. Financial Strength and Liquidity Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/labor-code/lab-sect-407-062/
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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