The Texas commissioner of insurance will hold a public hearing Dec. 16 to consider revised workers’ compensation classification relativities, which regulators propose to reduce by 10%.
Insurance Code Section 2053.051 requires the Department of Insurance at least once every five years to determine hazards by class and establish classification relativities applicable to the payroll in each classification for workers' compensation insurance.
The hearing will be held from 9:30-11:30 a.m. in Room 100 of the William P. Hobby Jr. State Office Building, 333 Guadalupe in Austin.
If approve...
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