Tex. Insurance Code § 2053.102: TREATMENT OF PAYMENTS UNDER STATISTICAL PLAN.
Where this section sits in the code
- INSURANCE CODE
- TITLE 10. PROPERTY AND CASUALTY INSURANCE
- SUBTITLE E. WORKERS' COMPENSATION INSURANCE
- CHAPTER 2053. RATES FOR WORKERS' COMPENSATION INSURANCE
- SUBCHAPTER C. STATISTICAL PLANS; AGENT
A statistical plan developed under Section 2053.101 must require the following payments to be reported separately and not to be considered as a loss or expense for purposes of computing a premium rate modifier or surcharge of an insured:
(1) a direct payment made by an insurance company to influence public policy; and
(2) any amount paid by an insurance company:
(A) as damages in an action against the insurance company for malice or bad faith; or
(B) as a fine or penalty.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Collected 2026-08-27T01:47:21Z. Source file · JSON