Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 407.067 - Excess Insurance; Reinsurance; Administrative Violation(a) Each applicant shall obtain excess insurance or reinsurance to cover liability for losses not paid by the self-insurer in an amount not less than the amount required by the commissioner.(b) The commissioner shall require excess insurance or reinsurance in at least the amount of $5 million per occurrence.(c) A certified self-insurer shall notify the division not later than the 10th day after the date on which the certified self-insurer has notice of the cancellation or termination of excess insurance or reinsurance coverage required under this section.(d) A person commits an administrative violation if the person violates Subsection (c).Amended By Acts 2005, 79th Leg., Ch. 265, Sec. 3.056, eff. 9/1/2005. Acts 1993, 73rd Leg., ch. 269, Sec. 1, eff. 9/1/1993.