Relating to discontinuing group self-insurance coverage and dissolving the Texas self-insurance group guaranty fund and trust fund under the Texas Workers' Compensation Act.

SB 264 prohibits new group self-insurance programs in Texas after September 1, 2025, and requires the dissolution of the Texas self-insurance group guaranty fund and trust fund. It mandates that the fund’s board submit a wind-down plan by December 1, 2025, outlining how remaining funds will be distributed to qualified self-insurance groups and how stakeholders will be notified. Once approved, the fund must distribute leftover money to eligible groups and then cease operations, with the board being abolished 30 days after the commissioner issues the final order. This directly affects the existing self-insurance fund structure and the groups currently using it under Texas workers' compensation.