By Counts H.B. No. 2319
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the authority of the Texas Workers' Compensation
1-3 Insurance Fund.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 3, Article 5.76-3, Insurance Code, is
1-6 amended by adding Subsection (n) to read as follows:
1-7 "Notwithstanding Subsection (m), to facilitate an efficient
1-8 and effective transition, the fund may contract with the Texas
1-9 Workers' Compensation Insurance Facility, the Facility's servicing
1-10 companies, or any other qualified entity to service policies with
1-11 an established premium of less than $5,000. The services may
1-12 include, but are not limited to, policy issuance, premium
1-13 collection and audit, loss control services, and claims handling.
1-14 This subsection expires January 1, 1999.
1-15 SECTION 2. Subsection (f), Section 13, Article 5.76-3,
1-16 Insurance Code, is amended to read as follows:
1-17 "(f) The fund must maintain a ratio of premiums on policies
1-18 written to surplus of not more than:
1-19 (1) 3.3 to one effective September 1, 1993 to August
1-20 31, 1996;
1-21 (2) 3.2 to one effective September 1, 1996 to August
1-22 31, 1997;
1-23 (3) 3.1 to one effective September 1, 1997 to August
2-1 31, 1998; and
2-2 (4) 3.0 to one effective September 1, 1998 <three to
2-3 one>."
2-4 SECTION 3. This Act takes effect September 1, 1993.
2-5 SECTION 4. The importance of this legislation and the
2-6 crowded condition of the calendars in both houses create an
2-7 emergency and an imperative public necessity that the
2-8 constitutional rule requiring bills to be read on three several
2-9 days in each house be suspended, and this rule is hereby suspended.