Texas Labor Code 408.129 – Acceleration of Impairment Income Benefits
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(a) On approval by the commissioner of a written request received from an employee, an insurance carrier shall accelerate the payment of impairment income benefits to the employee. The accelerated payment may not exceed a rate of payment equal to that of the employee’s net preinjury wage.
(b) The commissioner shall approve the request and order the acceleration of the benefits if the commissioner determines that the acceleration is:
(1) required to relieve hardship; and
(2) in the overall best interest of the employee.
Terms Used In Texas Labor Code 408.129
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) The duration of the impairment income benefits to which the employee is entitled shall be reduced to offset the increased payments caused by the acceleration taking into consideration the discount for present payment computed at the rate provided under § 401.023.
(d) The commissioner may prescribe forms necessary to implement this section.