Texas Transportation Code - TRANSP § 601.124. Self-Insurance

(a) A person in whose name more than 25 motor vehicles are registered may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided by this section.

(b) The department may issue a certificate of self-insurance to a person if:

(1) the person applies for the certificate;  and

(2) the department is satisfied that the person has and will continue to have the ability to pay judgments obtained against the person.

(c) The self-insurer must supplement the certificate with an agreement that, for accidents occurring while the certificate is in force, the self-insurer will pay the same judgments in the same amounts as an insurer would be obligated to pay under an owner's motor vehicle liability insurance policy issued to the self-insurer if such policy were issued.

(d) The department for cause may cancel a certificate of self-insurance after a hearing.  Cause includes failure to pay a judgment before the 31st day after the date the judgment becomes final.

(e) A self-insurer must receive at least five days' notice of a hearing held under Subsection (d).  The department shall send notice of the hearing to the self-insurer by:

(1) first class mail;  or

(2) e-mail if the self-insurer has provided an e-mail address to the department and has elected to receive notice electronically.

Cite this article: FindLaw.com - Texas Transportation Code - TRANSP § 601.124. Self-Insurance - last updated April 14, 2021 | https://codes.findlaw.com/tx/transportation-code/transp-sect-601-124.html

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