Texas Insurance Codes 5.65B
From Wcc
§ 5.65B Disclosure by Policyholder
| (a) A policyholder shall make full disclosure to its insurance company of information concerning its true ownership, change of ownership, operations, or payroll and any of its records pertaining to workers' compensation insurance.
(b) To the end that no employer shall evade an unfavorable or high cost experience, incurred experience shall be used in future ratings regardless of any change in ownership, control, management, or operations. (c) The board, on application of an affected party, may modify the rating on proof that a change in management or operations is clearly probable to reduce the loss experience of the insured. (d) The board shall promulgate rules necessary to implement this article. Added by Acts 1989, 71st Leg., 2nd C.S., ch. 1, Sec. 13.08, eff. Jan. 1, 1991. |
