By Brimer H.B. No. 2122
A BILL TO BE ENTITLED
1-1 AN ACT
1-2 relating to deductibles for workers' compensation insurance.
1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-4 SECTION 1. Article 5.55C(a), Insurance Code, is amended to
1-5 read as follows:
1-6 (a) The Board shall require each company or association that
1-7 writes workers' compensation insurance in this state to provide,
1-8 upon request, <offer> optional deductible plans that permit <to
1-9 allow> policyholders to self-insure for the deductible amount.
1-10 SECTION 2. Not later than January 1, 1996, the department
1-11 shall review and analyze the data applicable to the optional
1-12 deductible plans promulgated under Article 5.55C, Insurance Code,
1-13 and shall make a recommendation to the commissioner of insurance
1-14 regarding the amount of the premium reduction allowable for the
1-15 deductible options.
1-16 SECTION 3. Not later than January 1, 1996, the department
1-17 shall amend the information page of the workers' compensation
1-18 policy promulgated under Article 5.57, Insurance Code, to contain
1-19 notice to the policyholder that a deductible option is available
1-20 under Article 5.55C, Insurance Code, and to notify the policyholder
1-21 that the policyholder must specifically request the deductible
1-22 option.
1-23 SECTION 4. The importance of this legislation and the
2-1 crowded condition of the calendars in both houses create an
2-2 emergency and an imperative public necessity that the
2-3 constitutional rule requiring bills to be read on three several
2-4 days in each house be suspended, and this rule is hereby suspended,
2-5 and that this Act take effect and be in force from and after its
2-6 passage, and it is so enacted.