Austin, TX – The Division of Workers’ Compensation (DWC) approved one new Certificate of Authority to self-insure workers’ compensation claims and renewed nine such certificates. The companies receiving the certificates collectively employ approximately 36,243 employees in Texas.
The following company was issued a new self-insurance certificate:
- Space Exploration Technologies Corp., Washington, DC
DWC renewed self-insurance certificates for the following companies:
- International Paper Company, Memphis, TN
- Louisiana-Pacific Corporation, Portland, OR
- Textron, Inc., Providence, RI
- The Procter & Gamble Company, Cincinnati, OH
- Weyerhaeuser Company, Federal Way, WA
- Jacobs Engineering Group Inc., Baton Rouge, LA
- Mount Vernon Mills, Inc., Mauldin, SC
- PACCAR Inc., Bellevue, WA
- Ascension Health Alliance, St. Louis, MO
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.
For more information on applying to the Self-Insurance Regulation program, visit the TDI website.
Source: TDI-DWC