Tex. Lab. Code § 407A.461 · Subchapter J. TEXAS SELF-INSURANCE GROUP GUARANTY FUND
POSSESSION OF SECURITY BY GUARANTY FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
On the assumption of obligations on behalf of an insolvent group by the guaranty fund under the commissioner's determination, the guaranty fund is entitled to immediate possession of any assets of the insolvent group and any security deposited or the proceeds of any surety bond deposited by the insolvent group, along with all interest on the security. All assessments from members of the insolvent group shall be paid to the guaranty fund.
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 6d76b8c1554cc9fbc86cee754edde2a84ebcfcb3700c0029d0743c931f2e7eef
- 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
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.