Tex.
Transp. Code Section 601.124
Self-insurance
(a)
A person in whose name more than 25 motor vehicles are registered may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided by this section.(b)
The department may issue a certificate of self-insurance to a person if:(1)
the person applies for the certificate; and(2)
the department is satisfied that the person has and will continue to have the ability to pay judgments obtained against the person.(c)
The self-insurer must supplement the certificate with an agreement that, for collisions occurring while the certificate is in force, the self-insurer will pay the same judgments in the same amounts as an insurer would be obligated to pay under an owner’s motor vehicle liability insurance policy issued to the self-insurer if such policy were issued.(d)
The department for cause may cancel a certificate of self-insurance after a hearing. Cause includes failure to pay a judgment before the 31st day after the date the judgment becomes final.(e)
A self-insurer must receive at least five days’ notice of a hearing held under Subsection (d). The department shall send notice of the hearing to the self-insurer by:(1)
first class mail; or(2)
e-mail if the self-insurer has provided an e-mail address to the department and has elected to receive notice electronically.
Source:
Section 601.124 — Self-insurance, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.601.htm#601.124
(accessed Jun. 5, 2024).