Sec. 407.068. GUARANTEE BY PARENT ORGANIZATION. If an applicant for a certificate of authority to self-insure is a subsidiary, the parent organization of the applicant must guarantee the obligations imposed by this chapter.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Structure Texas Statutes
Title 5 - Workers' Compensation
Subtitle A - Texas Workers' Compensation Act
Chapter 407 - Self-Insurance Regulation
Subchapter D. Requirements for Certificate of Authority
Section 407.061. General Requirements
Section 407.062. Financial Strength and Liquidity Requirements
Section 407.063. Premium Requirements
Section 407.064. General Security Requirements
Section 407.065. Specific Security Requirements
Section 407.066. Effect of Dispute
Section 407.067. Excess Insurance; Reinsurance; Administrative Violation