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Worker's Compensation Self-Insurance Group (SIG) Statutory Deposit Requirements

Pursuant to Section 407A.053 of the Labor Code, a Workers Compensation Self-Insurance Group (SIG) must either place a security deposit or surety bond, equal to the greater of $300,000 or 25% of the group’s total incurred liabilities for workers’ compensation.  Pursuant to Section 407A.051, a $250,000 performance bond must also be placed for the Administrator. 

Transactions:

Establishing Securities on Deposit:

 

Substituting Securities on Deposit:

 

Withdrawing Securities on Deposit:

 

Name Change:

If you have any questions, contact the Statutory Deposit Team at (512)676-6375 or by email at SDFilings@tdi.texas.gov.



For more information, contact:

Last updated: 10/14/2016

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