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Texas Labor Code - Section 407.081. Annual Report

Legal Research Home > Texas Lawyer > Labor Code > Texas Labor Code - Section 407.081. Annual Report

§ 407.081. ANNUAL REPORT.  (a) Each certified 
self-insurer shall file an annual report with the division.  The 
commissioner shall prescribe the form of the report and shall 
furnish blank forms for the preparation of the report to each 
certified self-insurer.
	(b)  The report must:                                                          
		(1)  include payroll information, in the form 
prescribed by this chapter and the commissioner;
		(2)  state the number of injuries sustained in the 
three preceding calendar years;  and
		(3)  indicate separately the amount paid during each 
year for income benefits, medical benefits, death benefits, burial 
benefits, and other proper expenses related to worker injuries.
	(c)  Each certified self-insurer shall file with the 
division as part of the annual report annual independent financial 
statements that reflect the financial condition of the 
self-insurer.  The division shall make a financial statement filed 
under this subsection available for public review.
	(d)  The division may require that the report include 
additional financial and statistical information.
	(e)  The certified self-insurer shall present evidence in 
the report of sufficient financial ability to meet all obligations 
under this chapter.
	(f)  The report must include an estimate of future liability 
for compensation.  The estimate must be signed and sworn to by a 
certified casualty actuary every third year, or more frequently if 
required by the commissioner.
	(g)  If the commissioner considers it necessary, the 
commissioner may order a certified self-insurer whose financial 
condition or claims record warrants closer supervision to report as 
provided by this section more often than annually.

Acts 1993, 73rd Leg., ch. 269, § 1, eff. Sept. 1, 1993.  Amended 
by Acts 2005, 79th Leg., ch. 265, § 3.057, eff. Sept. 1, 2005.

Last modified: August 10, 2007