Pursuant to Section 407A.053 of the Labor Code, a Workers Compensation Self-Insurance Group (SIG) must either place a security deposit or surety bond, equal to the greater of $300,000 or 25% of the group’s total incurred liabilities for workers’ compensation. Pursuant to Section 407A.051, a $250,000 performance bond must also be placed for the Administrator.
Transactions:
- Establishing Securities on Deposit
- Substituting Securities on Deposit
- Withdrawing Securities on Deposit
- Name Change
Establishing Securities on Deposit:
- Initial Statutory Deposit Checklist, TDI Form FIN435
- Statutory Deposit Transaction Form, TDI Form FIN407
- Declaration of Trust, TDI Form FIN453
- Statutory Deposit Fee Transmittal Form, TDI Form FIN321
Substituting Securities on Deposit:
- Substituting Statutory Deposit Checklist, TDI Form FIN437
- Statutory Deposit Transaction Form, TDI Form FIN407
- Declaration of Trust, TDI Form FIN453
- Statutory Deposit Fee Transmittal Form, TDI Form FIN321
Withdrawing Securities on Deposit:
- Withdrawal of Statutory Deposit Checklist, TDI Form FIN438
- Statutory Deposit Transaction Form, TDI Form FIN407
- Statutory Deposit Fee Transmittal Form, TDI Form FIN321
Name Change:
- Name Change for Securities on Deposit Checklist, TDI Form FIN436
- Statutory Deposit Transaction Form, TDI Form FIN407
- Statutory Deposit Fee Transmittal Form, TDI Form FIN321
If you have any questions, contact the Statutory Deposit Team at (512)676-6375 or by email at SDFilings@tdi.texas.gov.