Texas Approves 10 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved ten renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately 30,579 employees in Texas.

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 companies received self-insurance certificates:

• Poly-America L.P., Grand Prairie, Texas
• Archer-Daniels-Midland Company, Decatur, Ill.
• FedEx Ground Package System Inc., Moon Township, Pa.
• Hyatt Corporation, Chicago
• Lockheed Martin Corporation, Fort Worth
• Parker-Hannifin Corporation, Cleveland, Ohio
• Union Tank Car Company, Chicago
• AAA Cooper Transportation, Dothan, Ala.
• VF Corporation, Greensboro, N.C.
• American Electric Power Company Inc., Columbus, Ohio

Source: TDI-DWC

Topics Texas Workers' Compensation