Sec. 407.132. SPECIAL FUND. Funds advanced by the association under this subchapter do not become assets of the impaired employer but are a special fund advanced to the commissioner, trustee in bankruptcy, receiver, or other lawful conservator only for the payment of compensation liabilities, including the costs of claims administration and legal costs.
Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.
Amended by:
Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.069, eff. September 1, 2005.
Structure Texas Statutes
Title 5 - Workers' Compensation
Subtitle A - Texas Workers' Compensation Act
Chapter 407 - Self-Insurance Regulation
Subchapter G. Texas Certified Self-Insurer Guaranty Association
Section 407.121. Guaranty Association
Section 407.122. Board of Directors
Section 407.124. Impaired Employer; Assessments
Section 407.125. Payment of Assessments
Section 407.126. Trust Fund; Fee; Schedule
Section 407.127. Payment of Benefits Through Association
Section 407.128. Possession of Security by Association
Section 407.129. Release of Claim Information to Association
Section 407.130. Association as Party in Interest
Section 407.133. Suspension or Revocation of Certificate for Failure to Pay Assessment