Insurance Dept. Proposes Rule Amendments

The Texas Insurance Department on Monday proposed amendments to regulations that establish assessment rates on insurers and self-insured groups that provide workers' compensation insurance to pay for the cost of solvency examinations. Part of the proposed regulations implement House Bill 2163, passed by the Legislature and signed into law by former Gov. Rick Perry in 2013. The bill repealed a statute that required insurers not domiciled in Texas to pay a 35% additional assessment and states that assessments for foreign insurers will be computed in the same manner as the amount imposed on ...