Sec. 407A.463. GUARANTY FUND AS PARTY IN INTEREST. (a) The guaranty fund is a party in interest in a proceeding involving a workers' compensation claim against an insolvent group whose compensation obligations have been paid or assumed by the guaranty fund.
(b) The guaranty fund has the same rights and defenses as the insolvent group, including the right to:
(1) appear, defend, or appeal a claim;
(2) receive notice of, investigate, adjust, compromise, settle, or pay a claim; and
(3) investigate, handle, or deny a claim.
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