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 J. TEXAS SELF-INSURANCE GROUP GUARANTY FUND |
Sec. 407A.464. PREFERENCES
Latest version.
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(a) Benefit payments made by the guaranty fund under this subchapter are entitled to the same preference over other debts of the insolvent group as provided by law to benefit payments owed by the insolvent group to the person entitled to the benefits.
(b) The guaranty fund has the priority status provided by Section 8, Article 21.28, Insurance Code.
Added by Acts 2005, 79th Leg., Ch. 1055 , Sec. 1, eff. September 1, 2005.