(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).

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