Sec. 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(2) Repealed by Acts 2005, 79th Leg., Ch. 265, Sec. 7.01(17), eff. September 1, 2005.
(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 holds a certificate of authority under Chapter 4151.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.042, eff. September 1, 2005.
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 7.01(17), eff. September 1, 2005.
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.137, eff. September 1, 2005.
Acts 2007, 80th Leg., R.S., Ch. 1176 (H.B. 472), Sec. 3.02, eff. September 1, 2007.
Last modified: September 28, 2016