Texas Labor Code - Section 407.001. Definitions
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§ 407.001. DEFINITIONS. In this chapter:
(1) "Association" means the Texas Certified
Self-Insurer Guaranty Association.
(2) Repealed by Acts 2005, 79th Leg., ch. 265, §
7.01(17).
(3) "Impaired employer" means a certified
self-insurer:
(A) who has suspended payment of compensation as
determined by the division;
(B) who has filed for relief under bankruptcy
laws;
(C) against whom bankruptcy proceedings have
been filed; or
(D) for whom a receiver has been appointed by a
court of this state.
(4) "Incurred liabilities for compensation" means the
amount equal to the sum of:
(A) the estimated amount of the liabilities for
outstanding workers' compensation claims, including claims
incurred but not yet reported; and
(B) the estimated amount necessary to provide for
the administration of those claims, including legal costs.
(5) "Qualified claims servicing contractor" means a
person who provides claims service for a certified self-insurer,
who is a separate business entity from the affected certified
self-insurer, and who is:
(A) an insurance company authorized by the Texas
Department of Insurance to write workers' compensation insurance;
(B) a subsidiary of an insurance company that
provides claims service under contract; or
(C) a third-party administrator that has on its
staff an individual licensed under Chapter 4101, Insurance Code.
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 2005, 79th Leg., ch. 265, § 3.042, 7.01(17), eff. Sept.
1, 2005; Acts 2005, 79th Leg., ch. 728, § 11.137, eff. Sept. 1,
2005.
Section: 406.145 406.146 406.161 406.162 406.163 406.164 406.165 407.001 407.023 407.024 407.041 407.042 407.043 407.044 407.045
Last modified: August 10, 2007
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