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Texas Labor Code - LAB § 407.001. Definitions

Current as of January 01, 2024 | Updated by Findlaw Staff

In this chapter:

(1) “Association” means the Texas Certified Self-Insurer Guaranty Association.

(2) Repealed by Acts 2005, 79th Leg., ch. 265, § 7.01(17).

(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.

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Cite this article: FindLaw.com - Texas Labor Code - LAB § 407.001. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/tx/labor-code/lab-sect-407-001/

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