- (a) The commissioner shall issue a certificate of approval to a proposed group on finding that the group has met the requirements of this subchapter.
- (b) If the commissioner determines that a proposed group has not satisfied the requirements under this subchapter for a certificate of approval, the commissioner shall issue an order refusing the certificate. The order must set forth the reasons for the refusal.
- (c) On issuance of the certificate of approval, the group is authorized to provide workers' compensation benefits.
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.