Texas Labor Code 412.053 – Annual Report by State Agency
(a) Each state agency shall report to the director for each fiscal year:
(1) the location, timing, frequency, severity, and aggregate amounts of losses by category of risk, including open and closed claims and final judgments;
(2) loss information obtained by the state agency in the course of its administration of the workers’ compensation program;
(3) detailed information on existing and potential exposure to loss, including property location and values, descriptions of agency operations, and estimates of maximum probable and maximum possible losses by category of risk;
(4) estimates by category of risk of losses incurred but not reported;
(5) information the director determines necessary to prepare a Texas Workers’ Compensation Unit Statistical Report; and
(6) additional information that the director determines to be necessary.
(b) The information shall be reported not later than the 60th day after the last day of each fiscal year.
Terms Used In Texas Labor Code 412.053
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Property: means real and personal property. See Texas Government Code 311.005
- Year: means 12 consecutive months. See Texas Government Code 311.005
(c) This section does not apply to an institution of higher education or university system. In this subsection, “institution of higher education” and “university system” have the meanings assigned by Section 61.003, Education Code.