"Admitted," in relation to a person, means entitled to transact
insurance business in this state, having complied with the laws
imposing conditions precedent to transaction of such business. The
State Compensation Insurance Fund shall be deemed to be admitted
pursuant to authority to transact workers' compensation insurance
granted by the Legislature. The commissioner shall not revoke or
suspend the State Compensation Insurance Fund's authority to transact
workers' compensation insurance.

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Last modified: July 31, 2008