The Texas Department of Insurance (TDI) has approved a filing by the National Council on Compensation Insurance (NCCI) to establish eligibility requirements for wrap-up construction project policies.
The changes in Item 02-TX-2016 apply to new and renewal workers’ compensation policies with effective dates on and after Jan. 1, 2017.
The commissioner’s order explains that a wrap-up is “a consolidated insurance program, an owner-controlled insurance program, or a contractor-controlled insurance program,” that “uses individual policies for each contractor or subcontractor working on the project.”
The new rule “allows contractors in a wrap-up construction project to combine their total manual premiums to qualify for a negotiated deductible under Deductible Program Rule D-2-a in the Texas Miscellaneous Rules section of the NCCI Basic Manual,” the order states.
Previously, a contractor could qualify for a negotiated deductible based on an individual total manual premium.
Source: TDI
Topics Texas Construction Contractors
Was this article valuable?
Here are more articles you may enjoy.
General Contractor Found Not Liable for Subcontractor Employee’s Injury 
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims 
One Battle After Another: What TPLF Victory in One State Means for Others 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
