(a) To establish a safety classification for employers, the division shall:
(1) obtain medical and compensation cost information regularly compiled by the department in performing rate-making duties and functions regarding employer liability and workers’ compensation insurance; and
(2) collect and compile information relating to:
(A) the frequency rate of accidents;
(B) the existence and implementation of private safety programs;
(C) the number of work-hour losses because of injuries; and
(D) other facts showing accident experience.
(b) From the information obtained under Subsection (a), the division shall classify employers as appropriate to implement this subchapter.