TX SB1455

Converts workers' compensation insurance maintenance taxes to surcharges for funding the regulation of workers' compensation and workers' compensation insurance in Texas, effective January 1, 2026

Sets a maximum combined surcharge rate of 2.7% of gross premiums for surcharges imposed under Chapter 255 of the Insurance Code and Chapters 403 and 405 of the Labor Code (increased from the previous 0.6% maintenance tax cap)

Allows insurers to recover surcharge costs by either reflecting the surcharge as an expense in required rate filings or directly charging policyholders

Applies surcharges to insurance carriers (stock companies, mutual companies, reciprocal exchanges, Lloyd's plans), certified self-insurers, and self-insurance groups, while exempting governmental entities

Deposits collected surcharges into the general revenue fund for reallocation to the Texas Department of Insurance operating account to fund workers' compensation system administration, the Office of Injured Employee Counsel, and prosecution of workers' compensation insurance fraud