Bill Text: TX HB1990 | 2017-2018 | 85th Legislature | Comm Sub

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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-Comm_Sub.html

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85R20361 KKR-F
By: Shine, Oliveira H.B. No. 1990
Substitute the following for H.B. No. 1990:
By: Oliveira C.S.H.B. No. 1990

A BILL TO BE ENTITLED
AN ACT
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 [a] fee, based on total amount of income benefits payments
made in this state for the preceding reported calendar year, to
maintain [create, over a period of 10 years beginning January 1,
1993,] a Texas certified self-insurer guaranty trust fund of at
least $2 [$1] million for the emergency payment of the compensation
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 [$2 million].
(b) The board of directors shall submit to the commissioner
for approval a recommended balance of the trust fund. On approval
by the commissioner of the recommended balance, the board of
directors shall adopt a year-by-year schedule of assessments to
meet the [10-year] funding goal of the [trust] fund.
SECTION 2. This Act takes effect September 1, 2017.