As used in this article:
(a) “Director” means the Director of Industrial Relations.
(b) “Private self-insurer” means a private employer which has secured the payment of compensation pursuant to Section 3701.
(c) “Trustees” means the Board of Trustees of the Self-Insurers’ Security Fund.
(d) “Member” means a private self-insurer which participates in the Self-Insurers’ Security Fund.
(e) “Incurred liabilities for the payment of compensation” means the sum of an estimate of future compensation, as compensation is defined by Section 3207, plus an estimate of the amount necessary to provide for the administration of claims, including legal costs.
(Amended by Stats. 2012, Ch. 363, Sec. 10. (SB 863) Effective January 1, 2013.)
Last modified: October 25, 2018