Texas SB1455 modifies the funding mechanism for workers' compensation and workers' compensation insurance regulation by authorizing surcharges.

Texas SB1455 amends the Labor Code and Insurance Code to establish a surcharge mechanism for funding the regulation of workers' compensation and workers' compensation insurance. It mandates that insurance carriers and self-insurance groups pay annual surcharges to cover administrative costs, support fraud prosecution, and fund research functions. The surcharges are deposited into the Texas Department of Insurance operating account. The bill also sets maximum rates for these surcharges and outlines procedures for their collection and payment. Effective January 1, 2026.

Texas SB1455 modifies the funding mechanism for workers' compensation and workers' compensation insurance regulation by authorizing surcharges.

Texas SB1455 amends the Labor Code and Insurance Code to establish a surcharge mechanism for funding the regulation of workers' compensation and workers' compensation insurance. It mandates that insurance carriers and self-insurance groups pay annual surcharges to cover administrative costs, support fraud prosecution, and fund research functions. The surcharges are deposited into the Texas Department of Insurance operating account. The bill also sets maximum rates for these surcharges and outlines procedures for their collection and payment. Effective January 1, 2026.