Sec. 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, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.047, eff. September 1, 2005.
Section: Previous 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 NextLast modified: September 28, 2016