Texas Labor Code - Section 407A.101. Certificate Of Approval; Termination
Legal Research Home >
Texas Lawyer > Labor Code > Texas Labor Code - Section 407A.101. Certificate Of Approval; Termination
§ 407A.101. CERTIFICATE OF APPROVAL; TERMINATION. (a) A
certificate of approval remains in effect until terminated at the
request of the group or revoked by the commissioner.
(b) The commissioner may not grant the request of any group
to terminate its certificate of approval unless the group has
insured or reinsured all incurred workers' compensation
obligations with an authorized insurer under an agreement filed
with and approved in writing by the commissioner. For purposes of
this subsection, those obligations include:
(1) known claims and expenses associated with those
claims; and
(2) incurred but not reported claims and expenses
associated with those claims.
Added by Acts 2003, 78th Leg., ch. 275, § 1, eff. Sept. 1, 2003.
Section: 407A.051 407A.052 407A.053 407A.054 407A.055 407A.056 407A.057 407A.101 407A.151 407A.152 407A.153 407A.154 407A.201 407A.251 407A.252
Last modified: August 10, 2007
|
