Texas § LA.407.045 - WITHDRAWAL FROM SELF-INSURANCE
Full text of Texas The Texas Constitution § LA.407.045 — WITHDRAWAL FROM SELF-INSURANCE, with citation guidance and answers to common questions.
§ LA.407.045. WITHDRAWAL FROM SELF-INSURANCE
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. (a-1) For purposes of Subsection (a), an adequate program includes a program in which the certified self-insurer has insured or reinsured all workers' compensation obligations incurred by the self-insurer with an authorized insurer under an agreement that is filed with and approved in writing by the commissioner. The obligations incurred include: (1) all known claims and expenses associated with those claims; and (2) all incurred but not reported claims and expenses associated with those claims. (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. Acts 2017, 85th Leg., R.S., Ch. 1054 (H.B. 1989 ), Sec. 1, eff. September 1, 2017.
Frequently Asked Questions About Texas § LA.407.045
What does The Texas Constitution § LA.407.045 cover?
Section LA.407.045 ("WITHDRAWAL FROM SELF-INSURANCE") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § LA.407.045?
A common citation format is "The Texas Constitution § LA.407.045" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § LA.407.045 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.