Texas Labor Code - Section 407.045. Withdrawal From Self-Insurance
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Texas Lawyer > Labor Code > Texas Labor Code - Section 407.045. Withdrawal From Self-Insurance
§ 407.045. WITHDRAWAL FROM SELF-INSURANCE. (a) A
certified self-insurer may withdraw from self-insurance at any time
with the approval of the commissioner. The commissioner shall
approve the withdrawal if the certified self-insurer shows to the
satisfaction of the commissioner that the certified self- insurer
has established an adequate program to pay all incurred losses,
including unreported losses, that arise out of accidents or
occupational diseases first distinctly manifested during the
period of operation as a certified self-insurer.
(b) A certified self-insurer who withdraws from
self-insurance shall surrender to the division the certificate of
authority to self-insure.
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 2005, 79th Leg., ch. 265, § 3.047, eff. Sept. 1, 2005.
Section: 407.001 407.023 407.024 407.041 407.042 407.043 407.044 407.045 407.046 407.047 407.061 407.062 407.063 407.064 407.065
Last modified: August 10, 2007
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