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A BILL TO BE ENTITLED
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AN ACT
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relating to the requirements for withdrawal by a certified |
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self-insurer from workers' compensation self-insurance. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 407.045, Labor Code, is amended by |
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adding Subsection (a-1) to read as follows: |
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(a-1) For purposes of Subsection (a), an adequate program |
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includes a program in which the certified self-insurer has insured |
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or reinsured all workers' compensation obligations incurred by the |
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self-insurer with an authorized insurer under an agreement that is |
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filed with and approved in writing by the commissioner. The |
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obligations incurred include: |
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(1) all known claims and expenses associated with |
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those claims; and |
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(2) all incurred but not reported claims and expenses |
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associated with those claims. |
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SECTION 2. This Act takes effect September 1, 2017. |