1. (a) A request to commute impairment income benefits must:

   1. (1) be in writing on a form prescribed by the division;
   2. (2) state the date the employee reached maximum medical improvement, the impairment rating, and the employee's weekly impairment income benefit;
   3. (3) be sent to the insurance carrier; and
   4. (4) be filed with the division.
2. (b) The insurance carrier must send a notice of approval or denial of the request to the employee no later than 14 days after receiving the request. A notice of approval must include payment of the commuted impairment income benefits. A notice of denial must include the insurance carrier's reasons for denial. A copy of the notice must be filed with the division.
3. (c) If the insurance carrier denies the request, the employee may request the division to schedule a benefit review conference to resolve the issue, as provided by §141.1 of this title (relating to Form and Execution).

Source Note:The provisions of this §147.10 adopted to be effective December 16, 1991, 16 TexReg 7018; amended to be effective July 8, 2024, 49 TexReg 4921; amended to be effective October 17, 2024, 49 TexReg 8395.