Texas Labor Code
§ 407A.4561 — REVISED PLAN OF OPERATION: WIND DOWN
LA § 407A.4561Title 5. WORKERS' COMPENSATION · Part A. TEXAS WORKERS' COMPENSATION ACT · Ch. 407A. GROUP SELF-INSURANCE COVERAGE · Art. J. TEXAS SELF-INSURANCE GROUP GUARANTY FUND
Statute text
View on source(a)In this section, "qualified group" means a group that:
(1)holds a current certificate of approval under this chapter; and
(2)has not been determined by the commissioner to be insolvent under Section 407A.355.
(b)The board shall submit to the commissioner for approval a revised plan of operation to wind down and dissolve the guaranty fund and trust fund. The plan must include:
(1)steps for:
(A)distributing any remaining money in the guaranty fund and trust fund to qualified groups; and
…
Legislative history
Added by Acts 2025, 89th Leg., R.S., Ch. 766 (S.B. 264), Sec. 2, eff. September 1, 2025.