Sec. 407A.056. INDEMNITY AGREEMENT REQUIREMENTS. (a) An indemnity agreement filed under Section 407A.051 must jointly and severally bind the group and each employer who is a member of the group to meet the workers' compensation obligations of each member.
(b) The indemnity agreement must be in the form prescribed by the commissioner and must include minimum uniform substantive provisions as prescribed by the commissioner. Subject to the commissioner's approval, a group may add other provisions necessary because of that group's particular circumstances.
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 B. Application Requirements for Certificate of Approval for Self-Insurance Group
Section 407A.051. Application for Initial Certificate of Approval; Approval Requirements
Section 407A.052. Issuance of Certificate of Approval; Refusal
Section 407A.053. Financial Requirements
Section 407A.054. Excess Insurance Requirements
Section 407A.055. Premium Requirements