Tex. Lab. Code § 407A.455 · Subchapter J. TEXAS SELF-INSURANCE GROUP GUARANTY FUND
BOARD GENERAL POWERS AND DUTIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The board shall:
(1) create and maintain a trust fund for payment of the workers' compensation liabilities of an insolvent group;
(2) hire staff as necessary;
(3) provide recommendations to the commissioner regarding rules or guidelines applicable to groups;
(4) receive reports from the department on the financial condition of groups, including examination and audit reports;
(5) engage consulting experts as necessary to review information provided by or filed with the department to ensure financial solvency of groups under this chapter;
(6) provide advisory recommendations to the commissioner as necessary regarding an applicant's compliance with Subchapter B relating to application requirements for certification; and
(7) take action, in response to a finding by the commissioner that a group is insolvent, to use the trust fund's resources to ensure the payment of the group's valid workers' compensation claims and related administrative expenses.
(b) The board shall control all amounts in the trust fund, including investment of those amounts.
(c) The guaranty fund may not disclose confidential information received from the department in a financial report under Subsection (a)(4), including an examination or audit report. Information received from the department remains confidential and not subject to disclosure under Chapter 552, Government Code.
(d) The board may make recommendations under Subsection (a)(6) outside of regular board meetings.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 1055 (H.B. 1353), Sec. 1, eff. September 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/LA/htm/LA.407A.htm
- Text hash
- sha256 4488b7ad92bbabd01e330aaa7a730b99bb8ae652facf2099c36d15e391fbee12
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.