Sec. 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.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.
Amended by: 
Acts 2017, 85th Leg., R.S., Ch. 1079 (H.B. 3376), Sec. 5, eff. September 1, 2017.
Acts 2023, 88th Leg., R.S., Ch. 709 (H.B. 2190), Sec. 71, eff. September 1, 2023.