Texas § 2053.054 USE OF INCURRED CLAIMS EXPERIENCE IN FUTURE RATINGS REQUIRED.

Texas Statutes

§ 2053.054 — USE OF INCURRED CLAIMS EXPERIENCE IN FUTURE RATINGS REQUIRED.

Texas § 2053.054

Code INInsurance Code

This text of Texas § 2053.054 (USE OF INCURRED CLAIMS EXPERIENCE IN FUTURE RATINGS REQUIRED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 2053.054 (2026).

Text

Sec. 2053.054. USE OF INCURRED CLAIMS EXPERIENCE IN FUTURE RATINGS REQUIRED.

(a)Regardless of a change in a policyholder's ownership, control, management, or operations, incurred claims experience must be used in future ratings to ensure that an employer does not evade an unfavorable or high-cost experience.

(b)On application by an affected party, the department may modify a rating under Subsection (a) on proof that a change in a policyholder's management or operations is clearly designed to result in a probable reduction of the insured's loss experience.

(c)The commissioner shall adopt rules necessary to implement this section.

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Sec. 2053.054. USE OF INCURRED CLAIMS EXPERIENCE IN FUTURE RATINGS REQUIRED. (a) Regardless of a change in a policyholder's ownership, control, management, or operations, incurred claims experience must be used in future ratings to ensure that an employer does not evade an unfavorable or high-cost experience.
(b) On application by an affected party, the department may modify a rating under Subsection (a) on proof that a change in a policyholder's management or operations is clearly designed to result in a probable reduction of the insured's loss experience.
(c) The commissioner shall adopt rules necessary to implement this section.