Guarantee By Parent Organization

Tex. Labor Code § 407.068, under Chapter 407.

Tex. Labor Code § 407.068

Sec. 407.068. GUARANTEE BY PARENT ORGANIZATION. If an applicant for a certificate of authority to self-insure is a subsidiary, the parent organization of the applicant must guarantee the obligations imposed by this chapter. Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. Sept. 1, 1993. SUBCHAPTER E. POWERS AND DUTIES OF CERTIFIED SELF-INSURER