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
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