By Counts H.B. No. 2783
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to the authority of the Texas Workers' Compensation
1-3 Insurance Facility to establish a multi-tiered premium system.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 4.05, Article 5.76-2, Insurance Code, is
1-6 amended by adding Subsection (i) to read as follows:
1-7 (i) Notwithstanding any other provision of this article, the
1-8 facility may, upon approval from the board, establish a
1-9 multi-tiered premium system. The premium system may:
1-10 (1) provide for higher premium payments by insureds
1-11 who present higher than normal risks within a class;
1-12 (2) include a rating plan for individually rating a
1-13 risk; and
1-14 (3) require a risk to meet other conditions considered
1-15 necessary to protect the facility's interest.
1-16 SECTION 2. This Act takes effect September 1, 1993.
1-17 SECTION 3. The importance of this legislation and the
1-18 crowded condition of the calendars in both houses create an
1-19 emergency and an imperative public necessity that the
1-20 constitutional rule requiring bills to be read on three several
1-21 days in each house be suspended, and this rule is hereby suspended.