Texas HB4483 amends the funding mechanism for workers' compensation regulation and insurance by authorizing surcharges.

Texas HB4483 amends the Labor Code and Insurance Code to revise the funding mechanism for the regulation of workers' compensation and workers' compensation insurance. The bill authorizes surcharges on insurers and self-insured employers to fund the administration of workers' compensation programs, including the prosecution of insurance fraud. The surcharges are applied to gross premiums and are subject to annual adjustments by the commissioner of insurance. Insurers can recover the surcharges by including them in rate filings or passing the costs onto policyholders.

Texas HB4483 amends the funding mechanism for workers' compensation regulation and insurance by authorizing surcharges.

Texas HB4483 amends the Labor Code and Insurance Code to revise the funding mechanism for the regulation of workers' compensation and workers' compensation insurance. The bill authorizes surcharges on insurers and self-insured employers to fund the administration of workers' compensation programs, including the prosecution of insurance fraud. The surcharges are applied to gross premiums and are subject to annual adjustments by the commissioner of insurance. Insurers can recover the surcharges by including them in rate filings or passing the costs onto policyholders.