(a) The workers’ compensation self-insurance fund is a fund in the state treasury. The fund may be used only for the regulation of certified self-insurers.
(b) The department shall deposit the application fee for a certificate of authority to self-insure in the Texas Department of Insurance operating account to the credit of the division.

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Terms Used In Texas Labor Code 407.101

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Succeeding: means immediately following. See Texas Government Code 312.011
  • Year: means 12 consecutive months. See Texas Government Code 311.005

(c) Any amount remaining in the fund at the end of a fiscal year shall be used to reduce the regulatory fee assessed under Section 407.102 in the succeeding fiscal year.

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