California Insurance Code ARTICLE 1 - Organization and Powers

• Section 11770.
  (a) The State Compensation Insurance Fund is continued in existence, to be administered by its board of directors for the purpose of transacting workers’ compensation insurance,...
• Section 11771.
  The State shall not be liable beyond the assets of the State Compensation Insurance Fund for any obligations in connection therewith.(Enacted by Stats. 1935, Ch.
• Section 11771.5.
  Any advertising of the State Compensation Insurance Fund shall include the following disclaimer: “The State Compensation Insurance Fund is not a branch of the State...
• Section 11772.
  There shall not be any liability in a private capacity on the part of the board of directors or any member thereof, or any officer...
• Section 11773.
  The fund shall be organized as a public enterprise fund.(Amended by Stats. 1979, Ch. 738.)
• Section 11774.
  The assets of the fund shall be applicable to the payment of losses sustained on account of insurance and to the payment of the salaries...
• Section 11775.
  The fund shall, after a reasonable time during which it may establish a business, be fairly competitive with other insurers, and it is the intent...
• Section 11776.
  The actual loss experience and expense of the fund shall be ascertained on or about the first of January in each year for the year...
• Section 11777.
  Such cash dividend or credit is to be in an amount which the board of directors in its discretion considers to be the employer’s proportion...
• Section 11778.
  The fund may transact workers’ compensation insurance required or authorized by law of this state to the same extent as any other insurer. The fund...
• Section 11779.
  The fund may insure California employers against their liability for compensation or damages for injury or death under the United States Longshoremen’s and Harbor Workers’...
• Section 11780.
  The fund may also insure an employer against his or her liability for damages under the laws of the State of California arising out of...
• Section 11780.5.
  (a) The fund may also insure a California employer against his or her liability for workers’ compensation benefits, under the law of any other state, for...
• Section 11781.
  The board of directors is hereby vested with full power, authority and jurisdiction over the State Compensation Insurance Fund. The board of directors may perform...
• Section 11781.5.
  The State Compensation Insurance Fund may acquire and own real property for a branch office in the City of Los Angeles when so determined by...
• Section 11782.
  All business and affairs of the fund shall be conducted in the name of the State Compensation Insurance Fund, and in that name, without any...
• Section 11783.
  The State Compensation Insurance Fund may:(a) Sue and be sued in all actions arising out of any act or omission in connection with its business or...
• Section 11784.
  In conducting the business and affairs of the fund, the president of the fund may do any of the following:(a) Enter into contracts of workers’ compensation...
• Section 11785.
  (a) The board of directors shall appoint a president, a chief financial officer, a chief operating officer, a chief information technology officer, a chief investment officer,...
• Section 11785.5.
  (a) Notwithstanding any other provision of law to the contrary, the members of the Board of Directors of the State Compensation Insurance Fund and officers of...
• Section 11786.
  Before entering on the duties of his or her office, the president shall qualify by giving an official bond approved by the board of directors...
• Section 11787.
  The board of directors may delegate to the president of the fund, under those rules and regulations and subject to those conditions as it from...
• Section 11788.
  The State Treasurer shall be custodian of all securities belonging to the State Compensation Insurance Fund, except as otherwise provided in this chapter. He or...
• Section 11790.
  All securities belonging to the fund shall be delivered to the State Treasurer and held by him or her until otherwise disposed of as provided...
• Section 11793.
  Expenditures made by the State Compensation Insurance Fund are exempted from the provisions of Part 3 (commencing with Section 900) of Division 3.6 of Title...
• Section 11797.
  (a) The board of directors shall cause all moneys in the State Compensation Insurance Fund that are in excess of current requirements to be invested and...
• Section 11797.a.
  (a) The board of directors shall cause all moneys in the State Compensation Insurance Fund that are in excess of current requirements to be invested and...
• Section 11800.
  All moneys in the State Compensation Insurance Fund, in excess of current requirements and not otherwise invested, may be deposited by the board of directors...
• Section 11800.1.
  The board of directors may, with the approval of the State Treasurer, authorize the establishment of an account or fund in the State Treasury in...
• Section 11800.2.
  The State Controller shall keep a special ledger account pertaining to the State Compensation Insurance Fund. In the State Controller’s general ledger this account may...
• Section 11801.
  The assets, premiums, reserves, investment income, and any and all property of whatsoever kind derived or acquired by the fund from its transaction of its...
• Section 11802.
  All premiums, reserves, investment income, and all property of whatsoever kind derived or acquired by the fund from its transaction of insurance pursuant to the...
• Section 11803.
  All claims, costs of doing business, liabilities, expenses, and obligations arising out of or related to the fund’s transaction of insurance pursuant to the United...
• Section 11804.
  Joint or shared use of office building space, whether owned, leased or rented, and the joint use of all furniture, automobiles, office equipment, supplies and...
• Section 11805.
  The State Compensation Insurance Fund shall report annually to the Legislature as soon after the close of the calendar year as is feasible, with respect...

Last modified: October 22, 2018