Texas Insurance Code 4151.256 – Large Deductible Policies
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Terms Used In Texas Insurance Code 4151.256
- Contract: A legal written agreement that becomes binding when signed.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
An employer who enters into a contract with an insurance carrier under Section 2053.202(b) may not use or contract with an administrator to perform administrative services in connection with workers’ compensation benefits unless the administrator has entered into a written agreement with the insurance carrier that:
(1) complies with all the provisions of this chapter; and
(2) provides that the insurance carrier is responsible for:
(A) setting standards used in the handling of claims; and
(B) arranging for the payment of claims.