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

(1) be in writing on a form prescribed by the division;

(2) state the date the employee reached maximum medical improvement, the impairment rating, and the employee’s weekly impairment income benefit;

(3) be sent to the insurance carrier; and

(4) be filed with the division.

(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.

(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).

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.