Texas Statutes (Last Updated: January 4, 2014) |
LABOR CODE |
Title 5. WORKERS' COMPENSATION |
Subtitle A. TEXAS WORKERS' COMPENSATION ACT |
Chapter 407A. GROUP SELF-INSURANCE COVERAGE |
Subchapter A. GENERAL PROVISIONS |
Sec. 407A.003. MERGER OF GROUPS
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(a) Subject to the approval of the commissioner, a group may merge with another group engaged in the same or a similar type of business if the resulting group assumes in full all obligations of the merging groups.
(b) The commissioner may conduct a hearing on a proposed merger and shall conduct a hearing if any party, including a member of either group, requests a hearing.
Added by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.