TDI-DWC OKs 12 to Self-Insure for Workers’ Compensation Claims
Austin, TX (WorkersCompensation.com) - The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved twelve renewals of the Certificates of Authority for companies to self-insure their workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Program. These companies collectively employ approximately 36,000 employees in Texas.
Under Texas law, certain large, private companies can self-insure for workers’ compensation claims, while retaining the protection of the Texas Workers’ Compensation Act for the company and for its employees. To qualify, a company must have a minimum workers’ compensation insurance unmodified manual premium of $500,000 and meet other requirements subject to annual review.
The following companies received self-insurance certificates:
- American Electric Power Company, Inc., Heath, OH.
- Archer-Daniels-Midland Company, Decatur, IL.
- Driver Pipeline Company, Inc., Irving.
- FedEx Ground Package System, Inc., Pittsburgh, PA.
- Hyatt Corporation, Chicago, IL.
- Limited Brands, Inc., Columbus, OH.
- Lockheed Martin Corporation, Fort Worth.
- Parker-Hannifin Corporation, Cleveland, OH.
- Poly-America, L.P., Grand Prairie.
- Sam Kane Beef Processors, Inc., Corpus Christi.
- Union Tank Car Company, Chicago, IL.
- VF Corporation, Greensboro, NC.
For more information on applying to the Self-Insurance Regulation program, visit the TDI website at http://www.tdi.texas.gov/wc/si/index.html.
For more information contact: Public.Information@tdi.state.tx.us