A Texas Workers Compensation Self-Insurance Group (SIG) Financial Pro Forma is a document that outlines the financial projections of a workers' compensation self-insurance group (SIG) in the state of Texas. It typically includes a forecast of income, expenses, assets, and liabilities. The Pro Forma may also include a balance sheet, income statement, and cash flow statement. There are two types of Texas Workers Compensation Self-Insurance Group (SIG) Financial Pro Forma: the Going Concern Pro Forma and the Liquidation Pro Forma. The Going Concern Pro Forma is designed to provide an accurate picture of the financial health of a SIG over the long term. It includes an analysis of the SIG's assets, liabilities, and cash flow to determine its ability to meet its obligations. The Liquidation Pro Forma is meant to provide a snapshot of the financial stability of a SIG in the event of a potential liquidation. It includes an analysis of the SIG's assets and liabilities to determine the potential value of the SIG in the event of a liquidation.
Texas Workers Compensation Self-Insurance Group (SIG) Financial Pro Forma
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