Sec. 407A.003. MERGER OF GROUPS. (a) Subject to the approval of the commissioner, a group may merge with another group engaged in the same or a similar type of business if the resulting group assumes in full all obligations of the merging groups.
(b) The commissioner may conduct a hearing on a proposed merger and shall conduct a hearing if any party, including a member of either group, requests a hearing.
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.
Structure Texas Statutes
Title 5 - Workers' Compensation
Subtitle A - Texas Workers' Compensation Act
Chapter 407A - Group Self-Insurance Coverage
Subchapter A. General Provisions
Section 407A.002. Application of Chapter; Establishment of Private Group
Section 407A.003. Merger of Groups
Section 407A.004. Group Not Insurer
Section 407A.005. Certificate of Approval Required
Section 407A.006. Service of Process
Section 407A.009. Certificate of Authority Required for Certain Administrators and Service Companies