Labor Code › Title 5 › Chapter 407 › Subchapter G

Texas Labor Code § 407.128

Possession of Security by Association

Self-Insurance Regulation · Texas Certified Self-Insurer Guaranty Association

On the assumption of obligations by the association under the commissioner's determination, the association is entitled to immediate possession of any deposited security, and the custodian, surety, or issuer of an irrevocable letter of credit shall deliver the security to the association with any accrued interest.

Official text of the Texas Labor Code as published by the Texas Legislative Council.

Official source
Legislative history

Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993.

Acts 2005, 79th Leg., Ch. 265 (H.B. 7), Sec. 3.068, eff. September 1, 2005.