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Employers Could Withdraw From Self-Insured Plans If Carriers Pick Up the Tail

By William Rabb (Reporter)

Monday, November 5, 2018 | 870 | 2 | 13 min read

Texas could soon become the only U.S. state to require insurance carriers, when taking over policies of previously self-insured employers, to cover all claims incurred during the self-insured period, even those that are yet to be reported. The Division of Workers’ Compensation has proposed rules to enact House Bill 1989, passed in 2017, which would make it easier for self-insureds to hand their workers’ compensation coverage back to commercial carriers. No longer would a self-insured have to leave a million-dollar security deposit in the hands of a government agency for years....

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