California Insurance Code ARTICLE 1 - Deposits by Workers’ Compensation Insurers

• Section 11690.
  For purposes of this article:(a) “Compensable workers’ compensation claim” means a claim where the claimant is entitled to benefits under the workers’ compensation law of the...
• Section 11691.
  (a) (1) In order to provide protection to the workers of this state in the event that the insurers issuing workers’ compensation insurance to employers fail to...
• Section 11691.1.
  The fees for filing a schedule of securities with the Treasurer, and making a deposit of the same, and for each withdrawal, substitution, or any...
• Section 11691.2.
  The deposit required pursuant to Section 11691 shall be security for the payment of the insurer’s obligations on worker’s compensation insurance transacted in this state....
• Section 11691.3.
  The commissioner shall establish a list of all insurers or reinsurers authorized to reinsure the injury, disablement, or death portions of policies of workers’ compensation...
• Section 11692.
  A certificate of authority to transact workers’ compensation insurance in this state shall not be issued nor renewed to any insurer until the deposit required...
• Section 11692.5.
  On and after the effective date of this article, the commissioner shall collect a late filing fee from any admitted insurer or reinsurer that fails...
• Section 11693.
  The deposit required pursuant to Section 11691 shall be adjusted on or prior to March 31 of each year in an amount as follows:(a) Not less...
• Section 11694.
  After the first annual statement to the commissioner covering business of the insurer for a full year in this state, the deposit required pursuant to...
• Section 11694.5.
  On or before March 1 and May 15 of each year, the insurers or reinsurers subject to Section 11694 shall file a report in the...
• Section 11695.
  Where an admitted insurer has voluntarily ceased to do in this state the business for which a deposit is required pursuant to Section 11691, the...
• Section 11696.
  In the event an insurer not in a delinquency proceeding fails to pay any compensable workers’ compensation claim against it, or fails to pay, to...
• Section 11697.
  The payment of a workers’ compensation claim by the commissioner shall constitute a satisfaction of the claim to the extent of the payment made. In...
• Section 11698.
  (a) In the event any one of the eventualities described in paragraph (1), (2), (3), or (4), transpires, the commissioner shall immediately take control or possession...
• Section 11698.01.
  When the commissioner is authorized to proceed under Section 11698 he or she may do either of the following:(a) Subject to Sections 11698.2, 11698.21, and 11698.22,...
• Section 11698.02.
  The proceeds of the deposit required pursuant to Section 11691 shall be used solely to pay compensable workers’ compensation claims under the insured or reinsured...
• Section 11698.1.
  From time to time and in any event at or prior to the time of the filing of his or her petition for discharge as...
• Section 11698.2.
  If the commissioner enters into a reinsurance and assumption agreement as provided in subdivision (a) of Section 11698.01, that agreement shall provide for all of...
• Section 11698.21.
  (a) The reimbursement provision referred to in subdivision (c) of Section 11698.2 shall provide for the transfer of the securities in the deposit to the deposits...
• Section 11698.22.
  The commissioner shall not enter into an agreement with an insurer if its reinsurance and assumption of liability will impair its solvency or render its...
• Section 11698.3.
  (a) If the insurer is a member insurer of the California Insurance Guarantee Association (the association) and has been the subject of an order of liquidation...
• Section 11699.
  Unless the deposit required pursuant to Section 11691 is withdrawn by the commissioner pursuant to the authority granted him or her by this article, it,...
• Section 11700.
  The deposit required pursuant to Section 11691, unless withdrawn by the commissioner, shall be used only for the payment of compensable workers’ compensation claims and...
• Section 11701.
  The commissioner may revoke the certificate of authority to transact workers’ compensation insurance or to reinsure the injury, disablement, or death portions of policies of...
• Section 11702.
  The provisions of this article shall not apply to workers’ compensation insurance covering those persons defined as employees by subdivision (d) of Section 3351 of...
• Section 11703.
  An insurer desiring to write workers’ compensation insurance shall maintain or provide occupational safety and health loss control consultation services pursuant to Section 6354.5 of...

Last modified: October 22, 2018