Sec. 407A.452. GUARANTY FUND. (a) The Texas self-insurance group guaranty fund is a nonprofit association established to provide for the payment of workers' compensation insurance benefits for injured employees covered by a group declared insolvent under Section 407A.355.
(b) Each group that desires to be certified under this chapter must participate as a member of the guaranty fund.
Added by Acts 2005, 79th Leg., Ch. 1055 (H.B. 1353), Sec. 1, eff. September 1, 2005.
Structure Texas Statutes
Title 5 - Workers' Compensation
Subtitle A - Texas Workers' Compensation Act
Chapter 407A - Group Self-Insurance Coverage
Subchapter J. Texas Self-Insurance Group Guaranty Fund
Section 407A.452. Guaranty Fund
Section 407A.453. Board of Directors
Section 407A.455. Board General Powers and Duties
Section 407A.456. Plan of Operation
Section 407A.457. Trust Fund; Schedule
Section 407A.458. Effect of Insolvency of Group
Section 407A.460. Payment of Benefits Through Guaranty Fund
Section 407A.461. Possession of Security by Guaranty Fund
Section 407A.462. Release of Claim Information to Guaranty Fund