Sec. 407A.465. SPECIAL FUND. Monies advanced by the association under this chapter do not become assets of the insolvent group but constitute a special fund advanced to the commissioner, receiver, or other statutory successor only for the payment of compensation liabilities, including the costs of claim administration and legal costs.
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