Texas § 407A.354 PREMIUM PAYMENT PLAN; RESERVES.

Texas Statutes

§ 407A.354 — PREMIUM PAYMENT PLAN; RESERVES.

Texas § 407A.354

Code LALabor Code

This text of Texas § 407A.354 (PREMIUM PAYMENT PLAN; RESERVES.) 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. Labor Code Code Ann. § 407A.354 (2026).

Text

Sec. 407A.354. PREMIUM PAYMENT PLAN; RESERVES.

(a)Until the assets of a group reach a level sufficient to cover the group's liabilities, each group shall establish to the satisfaction of the commissioner a premium payment plan.

(b)As long as the assets of the group remain sufficient to cover the group's liabilities, the group may determine its own premium plan if the premium plan is disclosed to each member at the time of application and is filed with the commissioner.

(c)Each group shall establish and maintain actuarially appropriate loss reserves, which must include reserves for:

(1)known claims and expenses associated with those claims; and

(2)claims incurred but not reported and expenses associated with those claims.

(d)Each group shall establish and maintain bad debt reserves ba

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Sec. 407A.354. PREMIUM PAYMENT PLAN; RESERVES. (a) Until the assets of a group reach a level sufficient to cover the group's liabilities, each group shall establish to the satisfaction of the commissioner a premium payment plan.
(b) As long as the assets of the group remain sufficient to cover the group's liabilities, the group may determine its own premium plan if the premium plan is disclosed to each member at the time of application and is filed with the commissioner.
(c) Each group shall establish and maintain actuarially appropriate loss reserves, which must include reserves for:
(1) known claims and expenses associated with those claims; and
(2) claims incurred but not reported and expenses associated with those claims.
(d) Each group shall establish and maintain bad debt reserves based on the historical experience of the group or of other groups composed of similar employer members.