Texas Insurance Codes 5.60A
From Wcc
§ 5.60A Rate Hearings
| (a) The Board shall conduct an annual hearing to review rates to be charged for workers' compensation insurance written in this state
under this subchapter. The hearing shall be conducted under the contested case provisions of the Administrative Procedure and Texas Register Act (Article 6252-13a, Vernon's Texas Civil Statutes). (b) The Board shall conduct a hearing six months prior to the annual hearing to revise rates to establish the methodology and sources of data to be used in reviewing rates. The hearing shall be conducted under the Administrative Procedure and Texas Register Act (Article 6252-13a, Vernon's Texas Civil Statutes). (c) To assist the Board in making rates and to provide additional information on certain trends that may affect the costs of workers' compensation insurance, the executive director of the Texas Workers' Compensation Commission or a person designated by that officer shall testify at any rate hearing conducted under this article. The testimony shall relate to trends in: (1) claims resolution of workers' compensation cases; and (2) cost components in workers' compensation cases. (d) The testimony of the executive director or designee is subject to cross-examination by the Board and any party to the hearing. (e) The Board shall consider changes in the workers' compensation laws when setting workers' compensation insurance rates. Added by Acts 1989, 71st Leg., 2nd C.S., ch. 1, Sec. 13.08, eff. Jan. 1, 1991. |
