A Texas Department of Insurance review of the state's workers' compensation insurers, based on speed of payment and other factors, has ranked 13.6 percent in the poor performance category.
The study results announced Friday, which also included health insurers, was mandated by the Performance-Based Oversight process contained in 2005 comp reform legislation that also abolished the Texas Workers' Compensation Commission and transferred its functions to the TDI's Workers' Compensation Division.
An assessment of the performance of insurance carriers and health care providers is now required at least biennially to meet key regulatory goals, established by Texas Commissioner of Workers' Compensation Albert Betts, the TDI noted.
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