203.028 – SOLVENCY OF COMPENSATION FUND; RESERVE. (a) If
Texas Labor Code § 203.028
Summary
This law requires the commission to notify the governor and legislature if changes to contribution or benefit rates are needed to maintain the compensation fund's solvency. It also mandates the commission to maintain a reserve for future benefit payments.
Commission must inform governor and legislature of necessary rate changes.
Recommendations for changes are required to protect fund solvency.
A reserve must be maintained for future benefit liabilities.
Frequently Asked Questions
Why Attorneys Choose FlawFinder
Side-by-side with Westlaw and LexisNexis
Feature
FlawFinder
Westlaw
LexisNexis
Monthly price
$19 - $99
$133 - $646
$153 - $399
Contract
None
1-3 year min
1-6 year min
Hidden fees
$0, always
Up to $469/search
$25/mo + per-doc
Police SOPs
✓ 310+ departments
✗
✗
Zero-hallucination AI
✓ CitationGuard
✗
✗
Cancel
One click
Termination fees
No option to cancel
Explain Like I'm 5
In simple terms: Learn about Texas's SOLVENCY OF COMPENSATION FUND; RESERVE. (a) If law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
FlawFinder provides legal information, not legal advice. Consult a licensed attorney for specific legal guidance.