Texas Labor Code - Section 407.067. Excess Insurance; Reinsurance; Administrative Violation
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§ 407.067. EXCESS INSURANCE; REINSURANCE;
ADMINISTRATIVE VIOLATION. (a) Each applicant shall obtain excess
insurance or reinsurance to cover liability for losses not paid by
the self-insurer in an amount not less than the amount required by
the commissioner.
(b) The commissioner shall require excess insurance or
reinsurance in at least the amount of $5 million per occurrence.
(c) A certified self-insurer shall notify the division not
later than the 10th day after the date on which the certified
self-insurer has notice of the cancellation or termination of
excess insurance or reinsurance coverage required under this
section.
(d) A person commits an administrative violation if the
person violates Subsection (c).
Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993. Amended
by Acts 2005, 79th Leg., ch. 265, § 3.056, eff. Sept. 1, 2005.
Section: 407.047 407.061 407.062 407.063 407.064 407.065 407.066 407.067 407.068 407.081 407.082 407.083 407.101 407.102 407.103
Last modified: August 10, 2007
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