The purpose of this subchapter is to:

(1) equitably distribute the cost of funding workers’ compensation losses, the cost of administering claims, and the cost of providing loss control services to participating state agencies;

(2) encourage the development and implementation of risk management programs and practices designed to minimize occupational injuries and illnesses; protect state property; and provide appropriate safety and health training for all state employees;

(3) pool large and small risks to enable catastrophic loss(es) to be spread throughout all participating state agencies; and

(4) encourage compliance with State Office of Risk Management regulations, and the policies and programs recommended in Risk Management For Texas State Agencies within the following areas of risk: property exposures; workers’ compensation exposures; and liability exposures.

The provisions of this §251.501 adopted to be effective October 8, 2001, 26 TexReg 7877.