Bill Text: TX HB1990 | 2017-2018 | 85th Legislature | Introduced
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Relating to the administration of the Texas certified self-insurer guaranty trust fund.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2017-06-15 - Effective on 9/1/17 [HB1990 Detail]
Download: Texas-2017-HB1990-Introduced.html
Bill Title: Relating to the administration of the Texas certified self-insurer guaranty trust fund.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2017-06-15 - Effective on 9/1/17 [HB1990 Detail]
Download: Texas-2017-HB1990-Introduced.html
85R5413 KKR-F | ||
By: Shine | H.B. No. 1990 |
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relating to the administration of the Texas certified self-insurer | ||
guaranty trust fund. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Sections 407.126(a) and (b), Labor Code, are | ||
amended to read as follows: | ||
(a) Each member of the association shall be assessed an | ||
annual [ |
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made in this state for the preceding reported calendar year, to | ||
maintain [ |
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least $2 [ |
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liabilities of an impaired employer. The fund may not exceed three | ||
percent of the combined value of the security deposits of all | ||
certified self-insurers [ |
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(b) The board of directors shall determine the recommended | ||
balance of the trust fund to the commissioner for approval and adopt | ||
a year-by-year schedule of assessments to meet the [ |
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funding goal of the [ |
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SECTION 2. This Act takes effect September 1, 2017. |