Texas § 2055.003 FORMATION OF GROUP.

Texas Statutes

§ 2055.003 — FORMATION OF GROUP.

Texas § 2055.003

Code INInsurance Code

This text of Texas § 2055.003 (FORMATION OF GROUP.) 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. § 2055.003 (2026).

Text

Sec. 2055.003. FORMATION OF GROUP.

(a)On receipt of a certificate of approval issued by the department under this chapter, two or more business entities or two or more members of a trade association may join together to form a group to purchase individual workers' compensation insurance policies covering each member of the group.

(b)To be eligible to join a group, a business entity must:

(1)be engaged in a business pursuit that is the same as or similar to the other business entities participating in the group as determined by the department; or

(2)be a member of the same trade association as the other business entities participating in the group.

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Sec. 2055.003. FORMATION OF GROUP. (a) On receipt of a certificate of approval issued by the department under this chapter, two or more business entities or two or more members of a trade association may join together to form a group to purchase individual workers' compensation insurance policies covering each member of the group.
(b) To be eligible to join a group, a business entity must:
(1) be engaged in a business pursuit that is the same as or similar to the other business entities participating in the group as determined by the department; or
(2) be a member of the same trade association as the other business entities participating in the group.

Legislative History

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 17, eff. April 1, 2007. Redesignated from Labor Code, Section 406A.003 by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 3B.0591(a)(2), eff. September 1, 2007. Redesignated from Labor Code, Section 406A.003 by Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167 ), Sec. 9.0591(a)(2), eff. September 1, 2007.