(a) A certified self-insurer whose certificate of authority to self-insure is revoked is not relieved of the obligation for compensation to an employee for an accidental injury or occupational disease that occurred during the period of self-insurance.
(b) The security required under Sections 407.064 and 407.065 shall be maintained with the division or under the division’s control until each claim for workers’ compensation benefits is paid, is settled, or lapses under this subtitle.

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Terms Used In Texas Labor Code 407.047

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.