Twelve companies with approximately 32,500 employees in Texas recently were approved to self-insure for workers’ compensation claims for a one-year period under the Texas Department of Insurance, Division of Workers’ Compensation Self Insurance Program.
Commissioner of Workers’ Compensation Albert Betts approved initial applications for Certificates of Authority to Self-Insure for both E.I. du Pont de Nemours and Company, headquartered in Wilmington, Del., and Associated Wholesale Grocers Inc., which has its headquarters in Kansas City, Kan.
Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.
The following ten companies received renewals of existing self-insurance certificates:
–Ameron International Corporation, Pasadena, Calif.
–Ascension Health, St. Louis, Mo.
–Cooper US, Inc., Houston
–Jacobs Engineering Group Inc., Houston
–Louisiana-Pacific Corporation, Portland, Ore.
–Mount Vernon Mills Inc., Mauldin, S.C.
–PACCAR Inc., Bellevue, Wash.
–The Procter & Gamble Company, Cincinnati, Ohio
–Textron Inc., Providence, R.I.
–Weyerhaeuser Company, Federal Way, Wash.
Source: TDI-DWC, www.tdi.state.tx.us/wc/si.html
Topics Texas Workers' Compensation Oklahoma
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